Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

Contactless Cards and Payments - The Impact Of Regulation And Risk

Wednesday, March 25, 2009

Dates: June 22 – 23, 2009
Location: London, United Kingdom
Venue: Copthorne Tara Hotel
URL: http://www.smi-online.co.uk/09contactless.asp
Contact: http://www.smi-online.co.uk/contact/
Description: Building on the success of last years’ sell-out event our 2009 conference promises to deliver a comprehensive analysis and update of the contactless cards and payments market. Hear perspectives from APACS, European Payments Council, Financial Standards Authority, Transport for London, GS1 UK, Monitise, European Association for Mobile Payment, Smart Card Alliance & Coffee Republic plus benefit from case studies highlighting the potential risks and regulatory issues posed by new card technology. [end] 

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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German bank, Sparkasse will pilot contactless payments for its bank credit card users, reports Venture Village.

Locations in Hannover, Braunschweig and Wolfsburg will be some of the first for the trial, which begins in April. More than 1.3 million customers will receive the new bank cards complete with contactless functionality.

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Credit Agricole, a retail banking group based in Paris, is teaming up with Gemalto to launch a large-scale deployment of contactless EMV banking cards in France.

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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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Proxama has announced a partnership with semiconductor supplier ARM Holdings to create secure payment mechanisms for mobile handsets.

The UK-based partners say they will combine ARM’s TrustZone technology with Proxama’s Mobile Wallet to develop a “highly secure” environment for NFC-enabled mobile contactless payments and mobile internet payments.

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SHAZAM, a member-owned and -controlled EFT network and processor, has chosen Adaptive Payments’ Pentagon mobile POS payments application. With the Pentagon platform, merchants can accept PIN debit, signature debit and credit transactions from iPhone and Android phones and tablets.

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