EMVCo approval
EMVCo has approved the latest version of FIME’s automated EMV contactless analog test bench for EMV Contactless Specification Level 1. The tool is available for purchase as an off-the-shelf product for in-house testing and is currently used by FIME as part of its EMVCo accredited laboratory offering to validate EMVCo Proximity Integrated Circuit Cards (PICC).
“As an EMVCo accredited laboratory and test tool provider, FIME continually advances its test tools to ensure alignment with future technical requirements,” explains Vincent Poty, Head of Strategy and Corporate Development at FIME. “The automation functionality of the tool significantly increases the speed and reliability of the test results. It also enables interested parties – such as contactless card manufacturers and near-field-communication (NFC) handset manufacturers – to independently use the test tool to ensure EMV alignment during their development activities.”
Commenting on the marketplace, Vincent adds: “There is a lot of activity taking place within the contactless payments ecosystem. As our role is to balance payment technology innovation with solutions that will inter-operate securely once live in the field, we are extremely dedicated to the development of evaluation and certification programmes; combining real-world implementation challenges with future technical ambitions. In addition to our status as an EMVCo laboratory, FIME has also achieved accredited laboratory status and qualified test tools from industry bodies such as GlobalPlatform, Isis and NFC Forum, to name a few. As contactless payments continue to gain traction, FIME recognises the stability and trust these vital compliance schemes bring to the industry.”
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
