EMVTM is the international standard for chip-based credit and debit cards. EMV standards are developed by EMVCo, an industry association formed by MasterCard, Visa, American Express, Discover, UnionPay and JCB. IC (integrated circuit) card systems based on EMV are being implemented around the world.
While chip and PIN contact cards are already used in most countries, contactless payment cards are becoming widespread in Europe and set to grow worldwide. Contactless payment can reduce individual transaction times to a few seconds, as the payer only needs to wave the card within close proximity of a reader to finalize the transaction. In addition, contactless devices can employ better security such as dynamically generated codes, high encryption standards and biometrics.
Agilent and FIME, a secure-chip consulting and testing provider, have announced the availability of test systems based on the EMV Contactless Level 1 Specification for mobile payments. The test systems enable users to validate that a contactless payment card or mobile device performs as specified and achieves the required functionality. This initial release is now available as an off-the-shelf product for in-house testing.
“This is a major step in the partnership recently announced by FIME and Agilent,” says FIME’s Pascal Le Ray.
“Our ongoing work with FIME enables us to bring our measurement technologies into the global mobile payment marketplace,” says Agilent’s Joe DePond.
EMV is a trademark owned by EMVCo LLC
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