Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Finance

WITH FIME, EMV MIGRATION IS GAINING MOMENTUM IN JAPAN

WITH FIME, EMV MIGRATION IS GAINING MOMENTUM IN JAPAN

FIME laboratory first to be accredited by JCB in Japan to support contactless payment terminal and mPOS manufacturers with EMVCo C-5 certification

FIME announces today that its Japanese laboratory is the first in the country to be accredited by JCB to perform functional testing on contactless payment terminal kernels, in line with its Book C-5 specification which relates to the JCB’s payment scheme. Global manufacturers of contactless payment terminals and mobile point of sale (mPOS) devices, in addition to kernel developers, can now validate the compliance of their products in FIME’s Taiwanese and Japanese laboratories.

EMVCo is the EMV® technical body which accredits laboratories and qualifies test tools that can be used to achieve EMVCo product certification. The EMVCo C-5 specification is one ‘book’ within a set of EMVCo Contactless Specifications which outline the minimum software functionality required – by each of the individual member-owners of EMVCo – for the effective operation and market interoperability of contactless payment terminals. Book C-5 specifically relates to the requirements outlined by global payment brand, JCB.

The laboratory will use FIME’s JCB-qualified test tool, EVAL, to perform formal certification testing. Manufacturers and developers can also take advantage of FIME’s technical consulting and training services to support them throughout the product development and certification process.

“Unlike other markets around the world, Japanese terminal manufacturers have an opportunity to implement both contact and contactless EMV, all in one go,” comments Arnaud Peninon, VP Global Laboratories at FIME. “Japanese EMV migration is gaining momentum and, given that the population is already familiar with ‘tap & pay’, manufacturers are keen to migrate quickly and with a minimum of fuss. As the first laboratory with this accreditation in Japan, and with the corresponding JCB accreditation already secured, we are ideally placed to support manufacturers and developers in this mission. We will also continue to expand the scope of our services to continue providing our customers with the broadest portfolio of services available.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post