Hi Alex & Alex,
The issue and uncertainty comes from the terminal settings.
The terminals all support this but the Merchant and Acquier need to agree to its use.
I hope that helps explain the uncertainty and inconsitencies you are seeing.
UK Cards agreement and guidance is needed to get this functionality to be everywhere.
PS getting back into payments after some time away - setting u a small bank.
Talk soon
04 Mar 2017 16:01 Read comment
One needs to be careful here. Yes I agree the title is misleading and the debate has focused on some points. The key issues are that classic EMV is based on contact Smartcards a standard that is old and requires a physical connection between the payment card and the acceptance device. nfc is based on contactless EMV to link the payment device to the acceptance device. Therefore contacless & nfc devices enable new ways to complete the payment transaction and easier ways to make payments. One issue is the age of the current EMV protocols and difficulties moving these standards forward to address new vulnerabilities being exposed as technology moves on from the early 1990's.
27 Oct 2015 10:22 Read comment
Digital Identity Management
Paul SchausConsultant at CCG Catalyst
Peter MoranConsultant at Certicate Limited
YeeKai LaiConsultant at United Overseas Bank Limited Co.
Sudhish NairConsultant at Oracle Financial Services
Kazi Mohammad Shafi UddinConsultant at MRCL
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.