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



Mastercard tests biometric payments card in South Africa

Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More





Proxama signs South African EMV deal

PARTNER NEWS: Proxama has signed a five-year contract with a “leading South African insurance and financial services provider” for the supply of in-house EMV card issuing, PIN management and card life cycle management... More




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