The retail industry suffers from pervasive web application weaknesses from legacy software systems which are soft targets for attackers once inside a company’s network. Also, the most sophisticated point-of-sale malware ever seen to date is now lurking in retailers systems waiting to launch.
One of the key challenges presently facing the mobile payments market is the high level of market fragmentation, defined both by the multiplicity of platforms/solutions technologies being deployed and the increasing range of service configurations being offered. This slows down merchant acceptance and makes it difficult for providers to gain scale. We expect the market to reach a point where consolidation among players and solutions becomes the best way to drive address this issue.
Verifone and Aava Mobile have unleashed the first handheld mobile point of sale (mPOS) solution powered by Intel to deliver a flexible, long-lasting EMV-ready mPOS solution for enterprise retailers.
NJ-based Charge Anywhere, an experienced provider of EMV payment application and payment gateway services has launched Miura Shuttle POS equipment to merchant services providers and solutions integrators in the U.S.
The recent introduction of Samsung Pay and Android Pay as well as India and soon to be announced Brazil mobile payments is having a profound impact on mobile payments forecasts. CardData now expects global m-commerce will soar from $390 billion this year to $1071 billion in 2020.
Global mobile commerce is set to explode more than three fold over the next five years as U.S. NFC payments, consumer tablet adoption and smart wearables take hold. Forecaster RAM Research predicts global m-commerce will soar from $320 billion this year to $995 billion in 2020.
CardWeb.com’s CardData database of Company Profiles today features NETGEAR.
Global mobile commerce is set to explode by three fold over the next five years as U.S. NFC payments, consumer tablet adoption and smart wearables take hold. Forecaster RAM Research predicts global m-commerce will soar from $316 billion this year to $905 billion in 2019.
Fiserv has taken The Card Collection to the EMV level. This new solution allows financial institutions using the Fiserv standard chip card configurations to more quickly and less expensively transition to chip cards.
hrough Gemalto’s Allynis Trusted Services Hub customers get a one-stop and immediate access to the largest user base using NFC smartphones already equipped with Secure Elements. Over 1.5 billion mobile users worldwide are covered by Gemalto-contracted Trusted Services Management (TSM) platforms, with over a hundred million high-end “multi-tenant” SIM cards already in place to protect and manage sensitive application credentials. Ready today to handle a large number of future configurations, including Embedded Secure Elements (eSE) which are becoming available in some handsets and Trusted Execution Environment (TEE) that will be running inside next-generation mobile devices, as well as the emerging tokenization standards, the Allynis Trusted Services Hub offers both the broadest reach of users and the most future-proof technology across mobile platforms.
Gemalto introduces its Allynis Trusted Services Hub turnkey business service that enables financial institutions, enterprises, transport operators and more generally all digital service providers to benefit from a single connection in order to securely deploy their value-added and mobile payment services across a comprehensive portfolio of smartphones and mobile networks around the world. Through Gemalto’s Allynis Trusted Services Hub customers get a one-stop and immediate access to the largest user base using NFC smartphones already equipped with Secure Elements. Over 1.5 billion mobile users worldwide are covered by Gemalto-contracted Trusted Services Management (TSM) platforms, with over a hundred million high-end “multi-tenant” SIM cards already in place to protect and manage sensitive application credentials.
GlobalPlatform has qualified the Collis Compliance Test Suite for GlobalPlatform Open Mobile API, enhancing UL’s portfolio of compliance test suites for mobile device testing. This test suite has achieved qualified status under the GlobalPlatform Compliance Program. The Collis Compliance Test Suite for GlobalPlatform Open Mobile API implements the official test plan developed for the GlobalPlatform Compliance Program. The test suite ensures the compliance of a mobile device that implements the SIMalliance Open Mobile API test specification (version 2.05) for Transport API (version 1.0). This test specification specifies how to test the Transport API part of the Open Mobile API. UL is a GlobalPlatform (GP) qualified laboratory that provides test certification services to confirm a product’s compliance to GP specifications using GP qualified test tools. UL has been qualified under the GlobalPlatform compliance program for approvals testing according to GP configuration specifications.