EMV Level 1 Software Library and Reference design
Creditcall, provider of payment Processing Solutions, has launched EMV Level 1 Software Library and Reference design which will enable developers to create payment terminals up to 18 months faster and at lower costs than before.
Currently, only skilled developers and hardware engineers can design EMV Level 1 compliant (an industry standard) terminals, while developers use from a range smartcard interfaces to create a platform for terminals to communicate with cards. It is hoped that the new software library will enable developers to create reliable solutions.
According to Jeremy Gumbley, Chief Technology Officer , “Major reductions in terminal development time translate into substantial reductions in approval and test costs for customers.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
