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FIME to support new China UnionPay standards

Monday 6 January 2014 00:52 CET | News

Chinese bank card organisation China UnionPay (CUP) has selected FIME, a French provider of consulting and market integration testing services for smart devices and secure chip-based applications, to develop the testing and certification framework of its new TEEi and N3 TEE standards, which will promote secure mobile payment transactions in China.

The TEEi is a virtual platform that will communicate with the N3 TEE to control and manage the storage of applications within a smart mobile device, such as a mobile handset or set-top-box. The combination of the two TEEs creates a security barrier for trusted applications, such as mobile payments and the protection of premium content.

Providing consulting services, FIME will analyse the specification to create the required test plan and develop a test tool that can be used to certify products to the TEEi and N3 TEE standards. FIME’s global ISO 17025 laboratories will certify mobile devices, validating their compliance to the standards and confirming that they will perform as intended once launched.

China UnionPay is developing the new standards to ensure that all mobile payments, in particular near field communication (NFC) transactions, are secure.
 


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Keywords: FIME, China UnionPay, online fraud, mobile payments, China
Categories: Fraud & Financial Crime
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Countries: World
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Fraud & Financial Crime






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