Monday 22 October 2018
PARTNER NEWS: STMicroelectronics has partnered with wearable transactions specialist Fidesmo to provide smartwatch and wearable device makers with a single payment system-on-chip (SoC) solution that comes with built-in support for Mastercard payments... More
EMV card-on-file payment tokenization is set to both reduce online fraud and deliver a range of benefits to merchants but implementation will not be straightforward, Rambus explains in a new paper that sets out the advantages of using a token gateway to simplify the integration and management process... More
NFC technology can be used by both brands and retailers to forge and strengthen a connection with consumers throughout the customer journey, the NFC Forum explains in a new white paper that provides detailed tips, ideas and guidance on how to take advantage of the technology’s potential... More
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
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.”
KNOWLEDGE CENTRE: Biometric sensor-on-card solutions, where a fingerprint sensor is built into a standard EMV card, “represent an important step forward for the finance industry, opening the way to eliminating fraud for issuers and cardholders, reducing costs and providing the additional security and identity verification required to support remote or cross-border transactions,” the authors of a new white paper conclude... More
KNOWLEDGE CENTRE: A report presenting the results of an in-depth investigation by Norway’s central bank into the potential of a central bank-issued digital currency is now available to download from the NFC World Knowledge Centre... More
Trust, convenience and ease of use will be key to enabling the full potential of voice-assisted conversational commerce, Mastercard explains in a new paper which is now available to download from the NFC World Knowledge Centre... More
“Tokenization has succeeded in mitigating fraud elsewhere in mobile payments, and is now ready to do the same for real-time payments, enabling account-based transactions to be processed faster and safer than ever before,” Rambus’ David Worthington explains in a new white paper that is now available to download from the NFC World Knowledge Centre... More
A new white paper that looks in-depth at Trusted Execution Environment (TEE) technology, the architecture and principles underpinning its operation and how it can be used to secure a variety of mobile wallet and IoT applications is now available to download free of charge from the NFC World Knowledge Centre... More
Enabling customers to scan items in the aisle as they shop and then check themselves out and complete the payment process all from their mobile phone holds multiple benefits for retailers aiming to improve the in-store experience, cut costs and increase revenues, a new white paper from Rambus explains... More
iOS Security — Apple — “When you set up Apple Pay Cash, the same information as when you add a credit or debit card may be shared with our partner bank Green Dot Bank and with Apple Payments Inc, a wholly owned subsidiary created to protect your privacy by storing and processing information separately from the rest of Apple and in a way that the rest of Apple doesn’t know.”
NFC mobile payments have been a reality in Japan since 2004 when Sony and mobile network operator NTT Docomo formed a joint venture to bring the technology to market... More
Fashion brands looking to include payments capabilities in their wearable devices need solutions that are pre-certified, inexpensive, easy to implement and offer the wearer the ability to quickly and easily add their choice of payment, transit, loyalty and identity cards throughout the lifetime of their watch or fashion accessory, wearables platform provider Fidesmo explains in a new white paper which is now available to download free of charge from the NFC World Knowledge Centre... More
A 10-page guide that outlines the technologies and capabilities banks must have in place to connect to Apple Pay, along with the options open to them for integration, is now available to download from the NFC World Knowledge Centre... More
Face ID Security — Apple — “To authorize an in-store payment with Face ID, you must first confirm intent to pay by double-clicking the side button. You then authenticate using Face ID before placing your iPhone X near the contactless payment reader. If you’d like to select a different Apple Pay payment method after Face ID authentication, you’ll need to reauthenticate, but you won’t have to double-click the side button again.”
Interview: Apple’s Craig Federighi answers some burning questions about Face ID — Techcrunch — “Federighi also noted on our call that Apple would be releasing a security white paper on Face ID closer to the release of the iPhone X. So if you’re a researcher or security wonk looking for more, he says it will have ‘extreme levels of detail’ about the security of the system.”
An eight-page white paper that lays out how merchants can reduce costs and increase margins, enhance the in-store experience, improve payment security and mitigate risk by deploying their own digital wallets is now available to download from the NFC World Knowledge Centre... More
A 19-page white paper exploring the benefits and best practices for successfully developing and implementing a national program for electronic IDs (eIDs) is now available to download from the NFC World Knowledge Centre... More
“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
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