Mastercard and Visa sign tokenization agreement

Mastercard and Visa have signed a tokenization agreement that will allow Mastercard to request tokenized Visa credentials from Visa for provisioning into Masterpass and Visa to request tokenized Mastercard payment credentials from Mastercard for provisioning into Visa Checkout... More




MasterCard backs host card emulation for NFC payments

MasterCard

MasterCard is to publish a new specification during the first half of 2014 that uses host card emulation (HCE) for NFC mobile payments — avoiding the need to have access to a secure element on a customer’s mobile phone — and is already testing the technology with Spain’s Banco Sabadell and Capital One in the US... More



ARM, Gemalto and G&D introduce alternative to NFC secure elements

Trustonic

Trustonic, a joint venture set up by the three companies, will provide TSMs and service providers with the key to their own secure area within a trusted execution environment on an ARM processor, in exchange for a one-off fee, providing an alternative to secure element chips for applications requiring low- to mid-range security. More



mFoundry to add NFC to mobile banking

Mastercard and mFoundry

Six hundred US financial institutions that use mFoundry’s mobile banking platform will be able to add NFC payments to their apps, following a deal signed between the technology provider and payments network MasterCard. More




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