Topic “EMVCo”

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.

EMVCo to Release Overdue Tokenization Updates This Year; But Unclear if Major Update Planned for 2015

NFC Times Exclusive – Commercial standards organization EMVCo says it will publish what are considered overdue updates to its tokenization specification before the end of the year, though the organization is releasing few specific details overall, and it’s unclear whether there will be a major update to the specification this year, NFC Times has learned.

Tokenization from Visa and MasterCard Will be Tough Sell in Such Markets as Turkey, which Could Opt for Alternate PANs

NFC Times Exclusive – Turkish banking group BKM and at least some Turkish banks are among those planning to support their own form of tokenization–alternate PANs–for early and perhaps later rollouts of NFC mobile payments–a move that could put a crimp in the tokenization plans of the major payments schemes, Visa and MasterCard Worldwide.

Visa and MasterCard Change Strategy on Tokenization Fees; Observers See Gambit to Lock in Market

NFC Times Exclusive Insight – Visa maintains that its offer to waive tokenization fees for the long term is designed to simplify the connections between thousands of card issuers and such wallet providers as Google and, perhaps later, Apple, thus driving widespread rollouts of mobile-payments services.

MasterCard, EMVCo Working on ‘Payment Identifier’ to Help Merchants Track Consumers with Tokens

NFC Times Exclusive MasterCard Worldwide and EMVCo are working on a “payment identifier” that could cover all tokens for a particular card account issued to consumers, according to the payment network.

NFC Booster Chip in New iPhones One Key to Apple Pay Performance, Though Not Yet Standardized

NFC Times Exclusive: In what is believed to be one of the first uses for NFC booster technology in NFC phones, the new iPhone 6 and iPhone 6 Plus feature an amplifier chip enabling a unique antenna design by Apple for its Apple Pay service that launched Monday.

EMV Card and Terminal Rollouts Up Globally, Slowly Increasing in U.S.

EMV bank card shipments, including dual-interface cards that support contactless payments, are increasing globally, but the future of the contactless infrastructure in the U.S. remains to be seen.

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

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.


Analysis: Google Launches Google Pay Rebrand, as It Seeks to Enable Payments Across Multiple Channels and Devices

NFC TIMES Exclusive Insight – Google began rolling out its previously-announced set of Google Pay services Tuesday in what is primarily a rebrand of Android Pay and other Google payments features. The initiative supports Google’s long-held goal of making payments seamless across its various products and access points.

Can Luxury Watchmaker TAG Heuer Sell Swiss Precision Along with NFC Payments? Its Latest Smartwatch Again Supports Android Pay

NFC TIMES Exclusive Insight – While payments wearables, in general, are taking off more slowly than expected, a number of manufacturers are incorporating the feature in their high-end watches and that includes Switzerland-based luxury watchmaker TAG Heuer.

Hong Kong Banking Group JETCO–Former Backer of NFC–Launches QR Code Payments Service

NFC TIMES Exclusive Insight – Hong Kong ATM and interbank group JETCO is the latest provider to launch a QR code-based payments service for in-store transactions in Asia, with payments coming out of the consumers’ bank accounts. But the group has few if any merchants live yet.

Vendor Hopes to ‘Flip’ Bitcoin Holders into Users of Cryptocurrency for Retail Purchases

NFC TIMES Exclusive Insight – While Bitcoin and other cryptocurrencies are mainly seen as assets for speculative investments these days rather than currencies for making payments, U.S.-based provisioning and mobile wallet platform company Fit Pay Thursday released a second announcement about its planned contactless device that would enable holders of Bitcoin to make purchases at brick-and-mortar stores.

NXP Continues to Promote ‘Loader Service’ Targeting Wearables Market, Seeking to Sell More Embedded Chips

NFC TIMES Exclusive Insight – In addition to the NFC secure elements that NXP Semiconductors is providing to wearables maker Garmin for its vívoactive 3 and forthcoming Forerunner 645 smartwatches supporting Garmin Pay, NXP is also supplying its “Loader Service,” a technology that the chip maker has been pushing for more than three years.

Popular Messaging App Most-Used Mobile Payments Service in Taiwan: Survey

NFC TIMES Exclusive Insight – There’s more evidence that social media and messaging apps are proving to be valuable platforms for promoting mobile payments, at least in Asia.

Can Cryptocurrency Work at the Point of Sale? Some Vendors Want to Try

NFC TIMES Exclusive – As cryptocurrencies gain momentum online, some payments vendors and even a handful of national banks are making the first moves toward bringing those currencies into the world of brick-and-mortar retail with mobile payments, but it will likely be some time before those efforts gain a significant foothold in the market.

More U.S. Transit Authorities Plan to Accept Open-Loop Payments, but Some Cities are Opting Out

NFC TIMES Exclusive – Interest continues among a number of transit authorities globally to move toward acceptance of contactless bank cards and NFC phones for fares, but rollouts have been happening in fits and starts in such countries as the U.S., where some cities there are deciding against accepting open-loop payments.

Could China Lead Way in Using QR Codes for Mobile Transit Ticketing Instead of NFC? Shanghai Metro Could Provide Answer

NFC TIMES Exclusive Insight – While the rollout hasn’t gone quite as smoothly as planned, the Shanghai Metro’s launch of a large trial of QR code-based payments could mark a turning point for use of the technology for transit fare collection.

Amazon Launches No-Register Concept Store but Stays Mum on Expansion Plans

NFC TIMES Exclusive Insight – Amazon opened its no-register-no-checkout Amazon Go store to the public today near its headquarters in Seattle–but those expecting a general rollout of the technology or expansion to the supermarket chain, Whole Foods Market, that the e-commerce giant bought last year will have to wait much longer.

As Luster Fades on Mobile Wallets, Start-Ups Seek to Enable Digital Payments with Physical Cards

Jan 20 2018

NFC TIMES Exclusive Insight – While UK consumers are taking to contactless payments, they appear to have no intention of replacing their physical cards with mobile wallets, says UK-based digital payments start-up Curve.

Japan’s NTT DoCoMo, First Major Backer of Contactless-Mobile Payments, to Launch QR Code-Based Payments

NFC TIMES Exclusive Insight – Japan’s largest mobile operator, NTT DoCoMo, the world’s first major backer of contactless-mobile payments–using a forerunner to NFC technology–is planning to launch a separate QR code-based payments service this spring.