Topic “Brian Byrne”

EMVCo Promises Token Service Provider Registry This Year; Without it, Third Party TSPs Can’t Fully Compete with Schemes

Nov 17 2015

NFC Times Exclusive Insight – EMVCo, the commercial standards organization owned by the world’s largest payment networks, has promised to have its registration process for token service providers ready by the end of the year. Until then, even EMVCo acknowledges that it is more difficult for third-party suppliers to offer tokenization under its specifications–a market that the major payments networks that own EMVCo now dominate in the early going.

EMVCo Delays Release of Second Version of Tokenization Specification

Oct 7 2015

NFC Times Exclusive Insight – EMVCo has confirmed it will not release the next version of its tokenization specification until at least the second quarter of next year, which would be more than two years after it released the first version of the specification.

Tokenization Standard: How it Works; Implications for Host-Card Emulation

By: 
Dan Balaban

The move to standardize tokens by the major payment networks has broad implications for how mobile commerce, including NFC payments, will be rolled out.

Visa and MasterCard: HCE Can be as Secure as Secure Elements

NFC Times Exclusive: While continuing to support their applications on secure elements in NFC phones, Visa and MasterCard Worldwide confirmed their firm support for host-card emulation the past week, as they continue to fast-track new HCE specifications to the market.

Major Payments Networks Prepare to Introduce Specifications for HCE

NFC Times Exclusive: The major payments schemes have kept a low public profile in their work on host-card emulation, but they have been quietly fast-tracking the drafting of specifications for the technology for use with their NFC-mobile payments applications, NFC Times has learned.

Tokenization Standard: How it Works; Implications for Host-Card Emulation

By: 
Dan Balaban

The move to standardize tokens by the major payment networks has broad implications for how mobile commerce, including NFC payments, will be rolled out.

 

Visa and MasterCard: HCE Can Be as Secure as Secure Elements

While continuing to support their applications on secure elements in NFC phones, Visa and MasterCard Worldwide confirmed their firm support for host-card emulation in the past week, as they continue to fast-track new HCE specifications to the market.

Major Payments Networks Prepare to Introduce Specifications for HCE

The major payments schemes have kept a low profile in their work on host-card emulation, and they have been quietly drafting specifications to standardize the technology for use with their NFC-mobile payments applications, NFC Times has learned.

HEADLINE NEWS

Vendor Blames Certification Woes for Slow Rollout of Payments Wearables

NFC TIMES Exclusive – A costly and time-consuming payments wearables certification process is a major contributor to delays in payments wearables getting into the hands of more consumers, Israel-based On Track Innovations’ director of marketing and head of innovations Nir Barr told NFC Times.

With Apple’s NFC Technology Locked, Denmark Tries BLE for Payments

NFC TIMES Exclusive – With Apple showing no signs of backing off its policy of restricting use of its NFC technology to Apple Pay only, banks and payments services providers are looking for ways to enable their iPhone-packing customers to pay with their phones in stores, especially in countries where Apple Pay hasn’t yet launched.

Analysis: Fall in NFC SIM Card Shipments Years in the Making

NFC TIMES Exclusive Insight – SIM card vendor trade group the SIMalliance acknowledged for the first time that NFC SIM shipments are dropping and blamed disappointing take-up by consumers, as well as the tail end of the impact of the closing of the Softcard joint venture in early 2015. The group again declined to release global NFC SIM shipment figures, however.

Exclusive: Group of Major U.S. Banks Presses Visa to Open up Tokenization

NFC TIMES Exclusive – Some of the largest banks in the U.S. have been pressing Visa to allow them to tokenize their Visa-branded cards for mobile payments through a token service provider set up by their trade group, The Clearing House, which is owned by such major U.S. issuers as JPMorgan Chase, Wells Fargo, Capital One and Bank of America, NFC Times has learned.

Major French Banks Roll Out HCE as They Warily Await Expansion of ‘Pays’ in France

NFC TIMES Exclusive Insight – There are markets where the major banks welcome Apple Pay and other “Pays” wallets, such as Taiwan, the most recent country to launch Apple Pay. And then there are countries where banks hold back.

As PayPal and Visa Extend Agreement to Asia-Pacific, PayPal Wallet Users Still Wait for In-Store Payments with NFC

NFC Times Exclusive – Visa and PayPal on Tuesday announced an extension to Asia-Pacific of last year’s agreement to work together on digital payments in the U.S., including opening up Visa tokenization and Visa payWave-enabled terminals to PayPal users for in-store NFC transactions.

Australian Antitrust Regulators: Apple’s Lock on NFC Technology Doesn’t Hurt Competition

NFC TIMES Exclusive Insight – As expected, Australian antitrust regulators shot down a request by four major banks for permission to bargain collectively with Apple to try to gain access to the tech giant’s NFC technology in its iPhones and to jointly boycott participation in Apple Pay during the negotiations.

Apple Pay Launches in Taiwan; Banking Group Announces Local Token Service Provider, Though TSP Not Ready Yet

Apr 3 2017

NFC TIMES Exclusive Insight – TAIPEI, Taiwan: Apple launched its mobile payments service in Taiwan today, before the end of the month as expected, as the tech giant expands Apple Pay to its 15th market globally.

Taiwan’s Domestic Debit Network to Launch Token Service Provider

Mar 29 2017

NFC TIMES Exclusive – A number of Taiwanese banks plan to enable customers to load their debit card credentials into an HCE-enabled mobile wallet app starting this month, following the launch last year by the banks of HCE-enabled credit card payments, NFC Times has learned.

Samsung Launches Support for QR Code-Based Payments in India, as It Seeks to Broaden Merchant Acceptance

NFC TIMES Exclusive Insight – Samsung has expanded its mobile payments service to India, where Samsung Pay will integrate a QR code-based mobile wallet service, along with conventional NFC bank card payments and Samsung’s proprietary mobile mag-stripe payments technology, MST.

Gemalto’s Shares Tumble as it Warns of Lower Revenue and a Bigger Miss of Its 2017 Profit Goal

NFC TIMES Exclusive Insight – Shares in France-based vendor Gemalto fell sharply today as it issued warnings before markets opened that its revenue and profit would badly miss projections this year.

Exclusive: Visa Locks Out Third-Party Token Service Providers; Sets Dates for Ending Support for Alternate PANs

NFC TIMES Exclusive – Unlike at least some other major networks, including Mastercard, Visa has shown no intention of allowing third-party token service providers to tokenize Visa-branded cards, requiring nearly all issuers to use Visa’s own Visa Token Service, or VTS, sources told NFC Times.