Contactless Smart Cards, RFID, Payment, Transit and Security

NBS unveils new EMV software

Monday, June 9, 2008

NBS has announced its new remote/branch issuance software Xpressi. The software package enables remote/branch issuance of EMV compliant cards.

Developed by NBS’ software division, UbiQ, Xpressi is a way to ensure remote/branch issuance of secure, EMV contact or contactless cards. The primary driving force behind EMV migration was the elimination of credit/debit card fraud. The EMV standards address the fraud issue, but the dilemma had been issuing cards to customer in a timely manner. Xpressi software along with card printers from NBS delivers compliant cards at the branch level - security centrally managed and cards locally produced. [end] 

Mobile wallet provider Proxama unveiled its MasterCard NFC mobile contactless payment reference kit at the CARTES & IDentification conference in Paris.

According to Proxama, the kit will enable companies to establish exactly what development requirements they need to get their NFC contactless payments deployments ready for market. Users will be able to perform a number of different payment option tests to view typical customer payment habits, understand how a payment application behaves, ensure compatibility, and test different levels of payment authentication, such as “Always require PIN” and “Pre-transaction verification.”

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A new survey from Euro Kartensysteme shows that Germans are starting to embrace the idea of contactless and NFC payments.

Out of 1,040 Germans aged 18-59, 43% responded that they would like to make contactless payments if given the opportunity, of which 58% percent would make their payments with a debit card card, 41% with a credit card and 50% with an NFC phone.

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While it may not be the flashiest technology on display at the 2012 Consumer Electronics Show in Las Vegas, near field communication has garnered enough attention to make it the “big sleeper” of CES, according to InformationWeek.

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PayPal has begun testing new mobile payments software at five Home Depot stores in the U.S., according to American Banker.

PayPal’s system offers an alternative to NFC-based mobile payments solutions like Google Wallet, enabling consumers to make payments directly from their PayPal balance by simply punching in their phone number and PIN. Merchants also have a comparatively easier time adopting the system, as it only requires updated software rather than new point of sale equipment.

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The European Payments Council (EPC) has published the second edition of its “White Paper on Mobile Payments.”

According to EPC, the white paper focuses on the usage of the mobile payments in the Single Euro Payments Area (SEPA) and explores how m-payment services can be delivered through cooperation between service providers in the payment industry and players within the mobile ecosystem.

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MasterCard introduced a road map focused on advancing the U.S. electronic payments system. The map, which includes the path for migration from magnetic stripe to EMV technology available on chip cards, will serve as the foundation for the next generation of products and services.

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