Payments News

On The Web

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Standards

EMVCo Reveals Plans to Extend Specifications and Testing Programmes

“EMVCo is to launch an initiative to evaluate the role of wireless technologies not yet covered in its specifications — including Wi-Fi, ultra wideband (UWB), Bluetooth Low Energy (BLE) and mobile data — in creating “flexible and convenient payment experiences”, the technical body’s annual report reveals.”
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Standards

EMVCo Adds Support for Elliptic Curve Cryptography

“EMVCo has issued a new specification bulletin that adds support for elliptic curve cryptography (ECC) to its EMV contact chip specifications to enable ‘robust EMV contact chip security long term as payment technologies evolve.'”

On The Wires

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Standards

EMVCo Publishes Guidance for EMV® 3-D Secure Transactions to Utilise EMV Payment Token Data – EMVCo

“Global technical body EMVCo has published new resources to help card issuers and merchants to optimise the EMV® 3-D Secure (EMV 3DS) authentication experience for online shoppers when EMV Payment Tokens are in use, enhancing the fraud-prevention benefits that EMV 3DS provides. EMV Payment Tokens are used across the payments ecosystem to increase the security of […]
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Standards

EMVCo Publishes EMV® 3-D Secure UI/UX Guidelines – EMVCo

“Global technical body EMVCo has published EMV® 3-D Secure (EMV 3DS) UI/UX Design Guidelines to help card issuers, banks, merchants and solution providers optimise the EMV 3DS payment authentication experience for e-commerce consumers. The guidelines are publicly available on the EMVCo website in an easy-to-use interactive format. In e-commerce purchases where EMV 3DS solutions are used, […]
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Standards

EMVCo Announces Communication Enhancement of EMV® Contactless Payment Devices – EMVCo

“EMV® contactless payment terminal requirements have been updated by global technical body EMVCo to help enable a more reliable and consistent payment experience through the addition of IQ demodulation requirements. The development reflects consumer use of an increasing range of card technologies, self-powered payment devices such as smartphones, and wearables to perform transactions. Mass transit […]
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Standards

How EMVCo Is Supporting the Rising Use of QR Codes for Payments – EMVCo

“Advances in technology are making secure card payments possible in new ways – whether online or face-to-face. EMV® Specifications have evolved beyond the original EMV Chip Specification to support a wide range of technologies for card-based payments, including contactless, mobile, tokenisation and QR Codes™. Increasingly, QR Codes are used to initiate mobile payments at the point-of-sale. […]