The PCI Security Standards Council has updated its card production and provisioning standard to expand protections for mobile payments... More
A project enabling mobile money transfers to take place at the point of sale in areas of less-developed countries with poor or no mobile network coverage has been unveiled, by removing the reliance on SMS messaging, and, instead, allowing two people to conduct a payment by copying short authentication codes between their phones... More
The new service enables keys, certificates and NFC credentials to be stored securely in a remote location, rather than in the mobile device, is fully compatible with standard EMV contactless payments terminals and enables card issuers to deploy NFC solutions without the need to partner with mobile network operators or other third parties. More
Key2Share allows virtual keys stored on NFC phones to be shared securely using QR codes that can be sent by email or MMS message — or even in the mail. More
A US-based start-up has developed an alternative approach to storing the sensitive data required to make a transaction with an NFC phone. Rather than placing it in a secure element on the phone, SimplyTapp stores the data in the cloud on a “remote secure element” and passes encrypted transaction data through the phone to a point-of-sale terminal when the user makes a purchase. More
Payments processing software specialist ACI Worldwide is using technology from Bell ID to offer over-the-air management of secure tokens... More
“Utilising Bell ID’s software solutions will enable us to offer services and support to the emerging payments industry by providing the framework for a powerful and flexible offering to our North American customers,” says Steve Montross, the card manufacturer’s president and CEO. More
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