The latest edition of Oaklen Consulting's industry watch highlights new payment uses with acceptance systems and their specifications adapting.
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The latest edition of Oaklen Consulting's industry watch highlights new payment uses with acceptance systems and their specifications adapting.
EMVCo updates its guide on the use cases of payment tokenization. Very educational, this document presents the kinematics of token use with a wallet, in-app payment, card-on-file, with SRC or MIT.
EMVCo also announces the development of a contactless Kernel specific to EMVCo.
In the long run, this will make it possible to get rid of the contactless kernels licensed by the card schemes, but it will probably take many years before the field deployment is effective, once the specifications are available.
For its part, FrenchSys publishes a document that helps to understand the few structural functional differences between FRv6 and NEXO NIS v5, namely essentially: pre-authorization, tips, cash advance or theDCC.
The EPC proposes standardization and governance to enable the interoperability of QR Codes to initiate instant payments on Eftpos terminals. Whether the QR Code is presented by the merchant or the cardholder, interoperability is based on an Instant Payment Service Provider (IPSP) identifier assigned under the authority of the EPC. The document also examines the conditions of interoperability with already operational QR Code standards (EMPSA, Alipay, EMV).
Finally, the EBA's Q&A provides some more details on the implementation of the RTS, in particular on the fact that a transaction with a cell phone at a point of sale is not qualified in the same way depending on whether the authentication is done locally via NFC or requires the use of the Internet because of a QR Code. In the first case, the dynamic linking is not mandatory, while it is in the second case.
For more information and to obtain the complete watch: contacteznous@oaklen.eu
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