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.”
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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.”
Eftpos brings Apple Pay debit payments to Australia with Rambus tokenization technology
PARTNER NEWS: ANZ has become the first bank in Australia to enable customers to use Apple Pay to make mobile payments using the country’s Eftpos national debit payments network... More
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.”
EMVCo updates tokenization specification
Payments standards body EMVCo has updated its Payment Tokenisation Technical Framework to introduce the new roles of ‘token programme’ and ‘token user’, refine the roles of ‘token service provider’ and ‘token requestor’ and detail “their interrelationships within the global payments environment.”... More
Half of US stores are now equipped to process chip cards
Chip-enabled merchants up; Counterfeit fraud down — Visa — “As of the end of June 2017, 2.3m US merchant locations, 50% of storefronts, are chip enabled. And with more than 449m Visa chip cards in the country, representing 62% of Visa cards, counterfeit fraud has continued to decline — 58% at chip-enabled merchants in March 2017 when compared to March 2016.”
Mobile payment usage ‘remains low’, US debit card study finds
“Combined, Apple Pay, Android Pay and Samsung Pay account for only about one quarter of 1% of US debit transactions,” the annual Debit Issuer Study from debit and ATM network Pulse has found, while the country’s move to EMV chip cards has cut debit card fraud loss rates but “fraud continues to challenge issuers.”... More
European consumers give thumbs up to biometric payment cards
Nine in ten consumers taking part in the first European trial of a biometric payment card developed by Mastercard say they “would upgrade or probably upgrade” their favourite card to one that includes the biometric security feature if it was available, a survey by issuing bank UniCredit Bulbank has found... More
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.”
Retailers to lose $71 billion in card-not-present fraud over the next five years
Retailers to lose $71 billion in card-not-present fraud over the next five years — Juniper Research — “The research predicted that three key battlegrounds would emerge in the fight against fraud in 2018. It cited machine learning as a key tool in identifying genuine users, while the shift to mobile ecommerce would rely on 3DS 2.0 and biometrics.”
French casino to give visitors and employees biometric cards for access and payments
Visitors and employees at the newly opened Pleinair Casino in Marseilles, France will soon be given a biometric smart card equipped with a fingerprint sensor that will enable them to gain access to privileged areas and make payments across the venue... More
More than half of global card-present payments used EMV standard in 2016
More than half of all card-present transactions conducted globally (52.4%) between January and December 2016 used the EMV chip card standard, up from 35.8% for the same period in 2015, standards body EMVCo has revealed... More
Chip card shipments top more than 2bn in 2016
More than 2bn chip cards were shipped globally by Smart Payment Association (SPA) members in 2016, representing an increase of 4% from 2015, the trade body reveals, with contactless cards accounting for more than 50% of shipments in most regions... More
NFC secure element shipments to grow 12% in 2017
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
Visa EMV transactions pass 1bn in the US
US consumers made more than one billion Visa chip transactions for the first time in March 2017, an increase of 330% compared to a year previous... 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
US Payments Forum offers card-not-present fraud advice
The US Payments Forum has published a survey of card-not-present (CNP) fraud worldwide to help the US payments industry assemble “layered, effective and systematic” mitigation strategies... More
Dynamics CEO shares details on how LG Pay will work with magnetic stripe card terminals
The Wireless Magnetic Communication technology being used for LG’s mobile payment service will allow consumers to pay with their phones in more places without having to change any of the point of sale terminals or re-educate merchants, technology provider Dynamics’ CEO has told NFC World. More