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
Visa moves to kill PINs by pushing Aussie banks towards biometric authentication — The Australian Financial Review — “A new Visa security roadmap outlines a four-year process for Australian banks to adopt new standards for e-commerce transactions, designed to streamline the purchasing process and reduce fraud, while implementing new information-sharing practices and tokenization technology.”
Bank of America and PayPal partner to enable in-store payments and account linking — Bank of America — “Bank of America will partner with PayPal to tokenize Bank of America cards for customers wishing to use PayPal for in-store purchases, across MasterCard and Visa portfolios in the US. This will support PayPal’s forthcoming NFC mobile wallet experience to enable in-store tap-to-pay purchases and reflects Bank of America’s open wallet strategy.”
“When it comes to payments and the IoT, we are witnessing a lot of activity and potential within this space,” Jörn Leogrande, executive vice president of mobile services at Wirecard, explains in an in-depth article now available to download from the NFC World Knowledge Centre... More
Citibank and JPMorgan Chase customers across the US will soon be able to make online purchases using loyalty points as currency at “millions of merchants” that accept PayPal... More
Australia’s Eftpos debit card network has completed an infrastructure upgrade that will enable its partners to roll out new products and services including Eftpos Tap & Pay and Eftpos Mobile payments. The update also includes Australia’s first domestic token service provider, “complete and ready for commercial deployment”. More
EMVCo-specified universal QR code to be introduced in 4Q17 — Digitimes — “EMVCo is specifying a universal QR code to facilitate tokenized mobile payments, and the global standard QR code is expected to be introduced to the Taiwan market in the fourth quarter of 2017, with prevailing use to kick off by the end of 2018 at the earliest, according to Visa Taiwan country manager Macro Ma.”
PARTNER NEWS: Antelop Solutions has unveiled a new Mastercard and Visa compatible software-as-a-service (SaaS) platform which allows banks to build HCE-based NFC mobile payments into their own apps more quickly... More
PARTNER NEWS: NFC World partners Mahindra Comviva and Rambus are among the 13 companies that signed up to participate in Visa’s token service provider (TSP) platform earlier this month... More
Visa expands global network of providers to drive acceleration into IoT payments — Visa — “Visa announced it has signed 13 new partners to participate in its token service provider (TSP) program… The newest Visa partners share a desire to advance digital and device-based payments, and represent all major regions of the globe.”
PARTNER NEWS: Rambus is working with Google and Canada’s Interac Association to enable support for Interac debit cards on Android Pay following its launch in the country earlier this month... More
PARTNER NEWS: A 10-page guide that explores how Samsung Pay works and its key benefits is now available to download from the NFC World Knowledge Centre... More
Tokenization is an essential enabler for a larger and more complex commerce world as the Internet of Things (IoT) propels payments to a range of new devices, says Proxama’s vice president of product marketing and product management for payments solutions... More
Obtaining Mastercard and Visa security compliance and keeping in line with the payment ecosystem’s best practices will help to “reinforce” host card emulation (HCE) security levels and minimise the success rates of hacking attempts, says HCE and tokenization provider Antelop Solutions. More
Open communication and the right education for customers is key to the successful deployment of a host card emulation (HCE) based mobile payment service in a country where new banks — with their simple products and new communication style — are becoming more attractive to the younger generation, says Czech bank CSOB’s innovation manager. More
Visa has developed a range of customised digital card management “experiences” that will allow issuers to offer Visa cardholders “greater control and insight over how they pay, where they pay and who can pay” with a digital version of their Visa card... More
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
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. More
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. More
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... More