Six in ten card present transactions are now made with an EMV chip card

59% of card-present transactions globally use EMV chip technology — EMVCo — “58.9% of card-present contact and contactless transactions globally were EMV-enabled between July 2016 and June 2017. This represents an increase over the prior year, when 42.4% of transactions were EMV-enabled… The United States experienced the largest year-over-year increase, with 31.4% of transactions being EMV-enabled, compared to 7.2% in the same period the prior year.”



Eftpos launches Android Pay in Australia

Rambus teams with Eftpos for Android Pay in Australia — Rambus — PARTNER NEWS — “‘With more than 40m debit cards distributed across Australia, Eftpos is one of the most popular payment methods,’ said Bret Sewell, SVP and general manager, Rambus Security division. ‘This collaboration with Eftpos enables millions of consumers the opportunity to enjoy secure mobile payments using Android Pay, leveraging our proven host card emulation (HCE) and EMV tokenization software for truly trusted transactions.’”


EMVCo releases online and in-app transaction security framework

EMVCo launches EMV secure remote commerce technical framework — EMVCo — “EMV SRC will address the complexities and potential vulnerabilities within the remote payments environment by defining a consistent approach to enable the secure transmission and interaction of payment card data among participants. This helps reduce exposure to data compromise and simplify merchant support of these solutions.”


Amex adds biometric authentication to Safekey 3D Secure platform

American Express supports next generation of digital commerce over internet-connected devices with SafeKey 2.0 rollout — American Express — “SafeKey 2.0, which leverages the EMV 3D Secure 2.0 industry standard, is a global solution that provides an extra layer of security when an American Express card member makes a purchase online at a participating merchant… The updated platform supports authentication methods using biometrics, including fingerprints and facial recognition… In addition, SafeKey 2.0 will support card issuers and merchant acquirers in the European Union as they address the Strong Customer Authentication requirements of the Payment Services Directive 2.0.”


Apple Pay now available on older iPhones in Japan

iOS 11 activates Apple Pay for older Japanese iPhones — Ata Distance — UPDATE Further investigation has found that the following information is not accurate. Click through for further information — “With the NFC switching capabilities of iOS 11 Apple Pay Apple quietly activated Apple Pay Japan for older non-FeliCa NFC capable iPhones such as iPhone 6S. Surprised users with Japan issue cards that support JCB J/Speedy and Mastercard Contactless can add them to Apple Pay and use them at stores with EMV NFC-Pay ready readers.”



Rambus provides insight into the new EMVCo tokenization specifications

What EMV tokenization 2.0 means for the payments industry — Rambus — PARTNER NEWS — “One particularly positive development is the inclusion of a common set of definitions and terminology in the framework. This may sound simple, but it gives the ecosystem a way to communicate effectively and avoid confusion and delays. Players can now easily understand both the similarities and differences in supporting and implementing EMV tokenization with each of the international and domestic payment schemes.”






Mastercard expands QR payments choice

Mastercard expands QR payments choice — Mastercard — “Beginning this month, the company will broaden its solutions to offer QR codes that can be scanned by either consumers or merchants under a common set of global specifications… The company’s consumer-presented solution will allow the merchant to scan a QR code from a smartphone and process the payment through the Mastercard network. It will leverage M/Chip technology to provide a secure way to pay based on EMV infrastructure.”






NFC secure element shipments to grow 12% in 2017

Eurosmart

Some 560m NFC secure elements will be shipped worldwide in 2017, representing a 12% increase from 2016, smart security industry association Eurosmart reveals. A total of 495m NFC secure elements were shipped in 2015, which increased by 1% in 2016 to reach 500m units. More


Guide introduces how Android Pay works

PARTNER NEWS: A seven-page guide that explores how Google’s Android Pay mobile payments platform works and why the service is beneficial to both consumers and banks is now available to download from the NFC World Knowledge Centre... More


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