Payments News

On The Web

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Global

AsiaKredit To Pioneer Global Standards Of Responsible Finance And Client Protection For The Underbanked

“AsiaKredit, a leading digital consumer finance fintech in the Philippines, is spearheading financial consumer protection and empowerment in the Philippines via the world’s first financial consumer protection standard, the Smart Campaign. The Smart Campaign is a globally recognized initiative by the Centre for Financial Inclusion at Accion (CFI), a U.S-based think-tank for financial inclusion.”
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Standards

Consultation on ISO 20022 Migration for Australian Payments System

“The Reserve Bank and the Australian Payments Council (APC) today issued a consultation paper seeking stakeholder views on the migration of messaging used in some parts of the Australian payments system to the International Organization for Standardization (ISO) 20022 payments messaging standard. The Australian payments system comprises a number of payment services, clearing systems and […]
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Global

QR Code Payment Specs in Japan Could Be Unified by Summer

“The Payments Japan Association, a council on promoting cashless payments that includes representatives from the Economy, Trade and Industry Ministry and the finance and information technology sectors, has announced standardized specifications. The specifications are being called “JPQR.” Currently, the multiple competing specifications have forced retailers to take time and make efforts. Standardized specifications will support […]
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Standards

Secure Remote Commerce (SRC): Payment Icon

“The SRC payment icon is available for use in connection with implementations of the EMV® Secure Remote Commerce Specification. The SRC payment icon image files are provided following execution of the EMVCo Trademark License Agreement for SRC payment icon and may only be used in conformance with the Secure Remote Commerce (SRC): Payment Icon Reproduction Requirements […]

On The Wires

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Standards

Mastercard Digital Wellness Program to Enhance Transparency, Security and Choice for Online Shopping

“Mastercard today launched the Mastercard Digital Wellness program, a host of technologies and resources that enable all businesses, especially small and independent merchants, to better serve today’s digital-first consumer. As part of this program, Mastercard will deploy EMVCo’s specification for fast, click-to-pay check-out for digital commerce. The specification replaces laborious key-entry guest check-out with a consistent, […]
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Standards

US Payments Forum Releases Guidance for Streamlining EMV Certifications at the Fuel Pump

“Testing and certification have been cited as one of the biggest challenges for EMV chip implementation at the automated fuel dispenser (AFD). With the AFD fraud liability shift slated for October 2020, the U.S. Payments Forum has released guidance for streamlining this process and reducing redundancy, implementation time and effort required to achieve certifications for […]
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Standards

Inadequate Data Security Practices Come With Serious Financial Consequences for Canadian Businesses

“Over one-third of Canadian consumers have experienced the consequences of a security breach or hack, according to newly released research conducted by secure payments provider to contact centers, PCI Pal . The findings suggest that a combination of recent high-profile breaches, media coverage of new data privacy regulations such as GDPR and Canada’s Personal Information […]