News about Tokenization.
April 20th, 2017
Rapid innovation in the payments market resulting from the emergence of end-user device adoption and tokenization is leading to commerce experiences that are more seamless in nature and more convenient for the end user — but with such rapid change comes a need for a look in the mirror, says Pizza Hut’s director of digital ventures.
April 12th, 2017
Facebook Messenger users across the US can now send and receive money between groups of people in a Messenger conversation by selecting the payments icon and then choosing who to send or request money from using a list of conversation participants.
April 6th, 2017
PayPal users across Asia Pacific will soon be able to make in-store NFC mobile payments in all Visa supporting locations, following an announcement by PayPal and Visa that they are to expand their US payments agreement to the region. The move will see PayPal making use of the Visa Digital Enablement Program (VDEP) to tokenize payments made in-store by its customers on a mobile phone or connected device.
March 17th, 2017
PARTNER NEWS: An eight-page guide exploring how key developments in mobile payments will shape the industry in the next three years is now available to download from the NFC World Knowledge Centre. ‘How will we pay in 2020’ has been produced and sponsored by Rambus, and provides an insight into host card emulation, NFC, invisible in-store payments, tokenization, biometric authentication and wearables.
March 15th, 2017
PARTNER NEWS: A service to improve women’s safety, by allowing them to recharge their prepaid mobile account at any retail outlet with a private code generated by SMS rather than their phone number, will roll out across India later this month. The Private Recharge service from mobile financial solutions firm Mahindra Comviva and wireless operator Idea Cellular aims to address “security concerns of women customers”.
March 9th, 2017
A digital cash service allowing consumers — including those without bank accounts — to load money onto a range of wearable items and make contactless payments in retail outlets will roll out across “eight or…
February 27th, 2017
PARTNER NEWS: Rambus has unveiled a mobile payments platform that will allow retailers to launch mobile payment and loyalty services that securely store and manage a variety of payment cards, as well as gift cards…
February 23rd, 2017
PARTNER NEWS: Customers of French bank Crédit Mutuel Arkéa can now make host card emulation (HCE) based mobile payments using the bank’s Paylib mobile app and authorise payments at the point of sale with a…
February 22nd, 2017
The Visa Token Service platform will be available in more than 12 European countries by the end of 2017, Visa has announced. “The technology is already supporting mobile payment schemes in 27 countries worldwide,” the company says, “with more than 1,300 financial institution partners.”
February 16th, 2017
IBM is to integrate Visa Token Service into its Watson IoT cognitive technology platform to enable payments to be embedded into “any device connected to the Internet of Things (IoT)”, with all of IBM’s Watson…
February 1st, 2017
GlobalPlatform has released a new framework that gives consumers control over which secure applications can be used within part of the secure element (SE) of their trusted devices, without compromising security for the SE as a whole.
January 12th, 2017
US consumers will be able to make NFC mobile payments using PayPal at the point of sale wherever Discover is accepted, and use their Discover Cashback Bonus to pay at online and mobile merchants that accept PayPal. “The agreement provides PayPal with access to Discover’s tokenization services,” PayPal says. PayPal extended its support for NFC mobile payments through a deal with Visa in July 2016 and partnership with Mastercard in September.
January 11th, 2017
A 12-page guide that presents an overview of tokenization, how it secures mobile payments and where it fits into the payment processing chain is now available to download from the NFC World Knowledge Centre. ‘Quick Guide: Tokenization’ has been produced by Rambus Bell ID for those new to tokenization or who need to understand the key concepts involved.
January 9th, 2017
NFC World today welcomes mobile payments solution provider Dejamobile as a member of our partner program. Founded in 2012 by technical experts who pioneered NFC payments at Orange Labs, Dejamobile specialises in the provision of…
January 5th, 2017
PARTNER NEWS: A new reference design from STMicroelectronics (ST) will make it easier for wearable manufacturers to develop and deploy integrated tokenized payment services that meet Mastercard and Visa requirements. The company has built the…
December 16th, 2016
The tokenization agreement signed yesterday by Visa and Mastercard will help to address the “lack of comprehensive tokenization across brands”, a key merchant barrier to adopting the technology, Visa’s VP of digital products Vish Shastry…
December 16th, 2016
Customers of Ukraine’s PrivatBank can now make host card emulation (HCE) based mobile payments with their Visa cards, using a new service based on the Visa Token Service (VTS) platform. “To try the new service, Visa cardholders need to use NFC-enabled mobile devices that run on the Android operating system (version 4.4 or later),” Visa says. The launch of the service marks the first introduction of VTS in Ukraine.
December 15th, 2016
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. The agreement will “accelerate the adoption of tokens” across both digital payment platforms, says Mastercard’s James Anderson.
November 28th, 2016
NFC World today welcomes secure host card emulation (HCE) and tokenization provider Antelop Solutions as a member of our partner program. Antelop is a specialist in mobile payments security and was the first company to…
November 15th, 2016
The US Payments Forum is creating the Mobile and Contactless Payments Working Committee, to explore mobile and contactless payment opportunities and challenges, identify solutions, and share guidance and best practice. The Forum says it also plans to address issues including tokenization, card-not-present security solutions and encryption. “Our goal is to provide concrete, usable guidance to make new and emerging payment technologies a reality in the US,” says Forum director Randy Vanderhoof. The committee will hold its first working session on December 8.