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EMVCo releases update on progress of contactless mobile payment deployment standardization

Tuesday 20 December 2011 13:56 CET | News

EMV payment standards body EMVCo, currently owned by JCB International, American Express, MasterCard Worldwide and Visa, has published a white paper providing an update on its work to standardise contactless mobile payment (CMP) deployment.

The paper, titled “EMVCo White Paper on Contactless Mobile Payments”, highlights the areas in which EMVCo is engaged with regard to the development of the CMP landscape and offers an overview of the other standards bodies providing input.

Therefore, EMVCo aims to coordinate the payment industry’s efforts in the development lifecycle for CMP standards to align with the pace at which today’s mobile devices are conceived, designed and brought to market. Moreover, in 2007 EMVCo identified a number of technical infrastructure issues associated with enabling contactless payments via mobile handsets which required resolution before meaningful steps forward could be made.

Finally, the paper highlights the fact that EMVCo remains committed to establishing a workable and consistent CMP certification process. The company also continues to work with GlobalPlatform – the organisation which standardises the management of applications on secure chip technology – to advance specification work for payment applications residing in secure elements (SE) such as a UICC or embedded SE.


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Keywords: EMVCo, contactless mobile payment, white paper
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce