EMVCo unveils Secure Remote Commerce icon

EMVCo's SRC payment icon

EMVCo has produced a new payment icon that can be used to signal to consumers that its EMV Secure Remote Commerce ‘virtual payment terminal’ specification is being used as a foundation to process card-based payment transactions in remote-checkout environments, including websites and apps... More







JCPenney pulls support for contactless payments

JCPenney explains why it dropped Apple Pay — Techcrunch — “A third-party credit card brand made the requirement for all merchants to actively support EMV contactless functionality effective April 13, retiring the legacy MSD contactless technology in place. Given the resources and lead time associated with meeting the new mandate, JCPenney chose to suspend all contactless payment options until a later date.”





Belgian transit operator to deploy open loop multimodal mobility-as-a-service platform

Flanders public transport operator De Lijn selects Conduent Transportation to deploy next-generation fare collection system — Conduent — “The first phase will enable the use of contactless public transport operator payment cards and bank cards based on the cEMV (contactless Europay, MasterCard and Visa), aggregated pay-as-you-go transit model 2… A future phase of the platform will support mobility-as-a-service with the integration of various mobility providers such as car sharing, bike hire and taxis.”


JCB begins EMV QR mobile payments rollout

JCB launches QR code payment in the Asian region — JCB — “Bank SinoPac in Taiwan and Sacombank in Vietnam became the first banks to offer the JCB QR Code Payment service. SinoPac will start the service full scale at merchants who used to accept only cash such as fish markets, flower markets and taxis in January 2019… Sacombank has just announced its new mobile banking app ‘Sacombank Pay’, for which their JCB cardmember can choose JCB Card as a source of funds.”



Taiwan Cooperative Bank tests standardized EMVCo QR codes for payments

Taiwan Cooperative Bank completed Taiwan’s first standardized QR code payment in partnership with Visa — Visa — “By adopting the EMV QR Code Specification, as supported by Taiwan’s two large domestic payment switches, consumers can enjoy a fast, convenient and secure payment experience. The specifications are intended to be globally interoperable; and with the right mobile application local consumers as well as overseas travellers will be able to use the same QR code to make payments everywhere the specifications have been adopted.”



Rambus explains how online merchants can use card-on-file EMV tokenization to reduce fraud and improve the online payments experience

Covershot: What is card-on-file EMV tokenization?

Card-on-file EMV tokenization, where primary account numbers (PANs) stored in a card-on-file database are replaced with payment tokens that can be restricted to a specific retailer, offers online merchants a way to both increase security and create a near frictionless buying experience, Rambus explains in a new ebook which is available to download from the NFC World Knowledge Centre... More


Boston Fed reports on the current status of payment tokenization in the USA

Industry perspectives on the evolution of EMV payment tokenization — Federal Reserve Bank of Boston — “This white paper examines payment tokenization changes and impacts to the payments industry since 2014. The research represents the authors’ views with input from Mobile Payment Industry Workgroup (MPIW) members and qualitative interviews with key industry stakeholders.”



Japanese bank to roll out payment cards with built-in display and keypad

GMO Aozora Net Bank Ltd and Dynamics Inc introduce Japan’s first battery-powered interactive debit and cash card — Dynamics — “A consumer enters a pass code, known only to the consumer, into the keypad on the face of the card. The correct pass code turns the card on so that it can be used in any swipe, tap, or insertion reader via a magnetic stripe, contact or contactless EMV chip. Entering the correct pass code also activates the card’s display to show the consumer’s payment card number.”


Worldpay shows how delivery drones could make use of contactless payments

Drone delivery ready to take off in the UK — Worldpay — “Worldpay’s Drone Pay proof-of-concept uses EMV contactless payment card technology to verify the identity of the recipient, ensuring a parcel is delivered to the right person at the right address. This technology is embedded into a drone landing pad, which is issued to the customer in the form of a doormat. When the drone lands to drop off the package, the card details stored within the doormat are read automatically. If the information matches that of the correct recipient, the parcel is released.”


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