Posts Tagged ‘Chip and PIN’

Mobile EMV Kernel – Using a mobile phone as a payment terminal

June 11, 2012 at 10:30 am

Traditionally, GPRS-based mobile payment terminals which are used to accept debit or credit card payments (including both magnetic-stripe cards and EMV “Chip and PIN” cards) in the field, have been expensive, and bulky, which has hampered their acceptability to small merchants or those that operate mobile businesses. Mobile Credit Card Readers Now though, by taking […]

U.S. EMV Migration: Cardholder verification for American EMV terminals

November 10, 2011 at 4:23 pm

We’ve blogged previously (see EMV Cardholder  Verification Methods) about the different types of cardholder verification that are supported by the EMV specifications for credit/debit card transactions using smart cards. Prior to EMV migration in the United Kingdom, most transactions were verified by checking the cardholder’s signature, but the introduction of EMV allowed the chip on […]

UK’s largest bus operator to offer contactless payments

September 6, 2011 at 12:00 pm

FirstGroup, the UK’s largest bus and rail operator, announced to invest £27m to fit contactless card readers to its 5,000 strong bus fleet in England, outside London by 2012. The company intends to be the first bus operator outside London to offer customers contactless payments and will affect 2.5 million daily customers.  The new ticket […]

Contactless card payment specifications

January 31, 2011 at 11:31 am

EMV has become firmly established as the global standard for processing transactions using Chip and PIN cards, and the specifications are managed by EMVCo (which is owned by Visa, MasterCard, JCB and American Express). However, with Contactless payment cards there has never been a universal standard – instead the card schemes have chosen to define […]

EMV 4.2c Updates

November 4, 2010 at 10:57 am

From November 1st 2010, the new EMVCo 4.2c test cases have come into effect. These contain new and updated tests for all the EMV specification changes that have been introduced by EMVCo bulletins over the past year, covering the following topics: EMVCo Specification Bulletin 75 This bulletin clarifies how the terminal should populate the Application […]

EMV becoming global payment standard

October 18, 2010 at 9:47 am

EMVCo have released an interesting press release that details the number of EMV cards and terminals, and the extent of EMV migration, in each geographic region of the world. According to their figures there are now more than 1 billion EMV cards in circulation worldwide and almost two-thirds of all terminals outside the United States […]