GlobalPlatform extended its compliance program for validation that secure products meets the requirements of GlobalPlatform’s new basic financial configuration.

This advancement meets industry demand for a qualification process which confirms that a financial card product operates within the payment landscape.

GlobalPlatform released a white paper explaining how technology can be leveraged to enhance the flexibility and security of electronic transaction systems, such as a public transport authority or electronic identity provider.

GlobalPlatform and SIMalliance have signed a Memorandum of Understanding to improve application security on mobile devices.

Through the formal partnership, the associations say they will work together to develop an end-to-end solution that will enable a mobile device application to communicate with an application loaded in a secure element.

GlobalPlatform has announced that Clear2Pay, a global payment solutions provider, and Shanghai COS, a chip operating system (COS) developer, have become the organization’s newest members.