Giesecke & Devrient (G&D) is integrating its Convego CloudPay solution with Visa Token Service (VTS). G&D’s Convego CloudPay solution provides provisioning and life-cycle management services for payment applications on HCE (Host Card Emulation) enabled mobile devices. The relationship with Visa allows G&D to request and provide payment tokens from VTS to Visa issuers’ HCE mobile…
EMVCo updates its EMV Payment Tokenization Specification – Technical Framework bulletin. The update will provide the payment community with a global, consistent framework to implement ‘Payment Account Reference’ (PAR). To be used by merchants, acquirers and payment processors, PAR can enhance security by limiting references to a cardholder’s primary account number (PAN) in the payment…
ams and STMicroelectronics say ARM is using the companies’ NFC solution to provide the secure, high-performance NFC and micro controller functionality in its new wearable reference design. The NFC solution developed jointly by ST and ams is comprised of the ST54E from ST, a system-in-package featuring an NFC controller (NFCC) and a secure element compliant…
Rambus has acquired Smart Card Software Ltd which includes Bell Identification Ltd (Bell ID) and Ecebs Ltd (Ecebs) through the purchase of all outstanding shares of Smart Card Software Ltd., for £64.7M in cash. As part of this acquisition, the advanced mobile payment platform developed by Bell ID, along with the smart ticketing platform created…
In today’s CardFlash News Que: AMERICAN EXPRESS (holiday); Q-CARD (KEOLABS); NXT-ID (StackCommerce); and VORMETRIC (breaches).
MA-based Virtusa has released vToken, a solution accelerator. The solution was developed for enterprises, issuing banks and issuer processors that are considering providing Token Service Provider (TSP) functionality and building in-house EMVCo based tokenization system.
Austria-based ams has unveiled a new NFC (Near Field Communications) solution for manufacturers of smart watches, wristbands and other space-constrained devices, enabling them to reliably support contactless payments and ticketing.
UnionPay International is accelerating the process of chip migration of its acceptance network in Taiwan, with HSBC Taiwan, is enabling all of its ATMs to accept UnionPay chip cards. The UnionPay card business in Taiwan started in 2009 and now 98% of the local ATMs are now able to accept UnionPay cards.
The future has arrived as Visa introduced a new specification to use biometrics with chip card transactions. The specification can enable palm, voice, iris, or facial biometrics. This first-of-its-kind technology framework is designed to work with the EMV (Europay, MasterCard, Visa) chip industry standard to help ensure open, globally interoperable solutions.
EMVCo, the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions by managing and evolving the EMV Specifications and related testing processes, has today announced the appointment of Bastien Latgé to the newly created role of EMVCo Director of Technology.
The Secure Remote Payment Council (SRPc) has just released its third position paper which tackles some of the issues related to tokenization, and challenges conventional thinking about the safety and security of token vaults.
CA-based InfoGard is now accredited by EMVCo to conduct Terminal Type Testing and will immediately begin offering Level 2 contact testing and pre-evaluation services. EMV pre-evaluation services include debug testing and compliance consulting. Additional EMVCo testing services are being planned to support its payment customers.