Tag Archives: mobile payment

Contactless payments on mobile – try it live at Money 20/20

Alcinéo and Trustonic have developed a secure payment solution allowing merchants of all size wherever they are, to accept contactless payments the simplest way, using only their smartphone. 

The solution will be showcased at the upcoming Money 20/20 in Las Vegas, October 21-24, where the payment industry makes Money Revolution

Come and try it live at the stand of our TEE technology partner, Trustonic : 1282.

The solution can be used by all categories of merchants, including restaurants and bars, itinerant vendors or sole traders. In addition to contactless smartcard acceptance, it can take digital lunch vouchers, or process wallet-based transactions including Samsung Pay or Google Pay for example.

Once the application has been downloaded, the smartphone or tablet turns into contatless capable terminal, offering to merchants the opportunity to increase sales with customers holding their  favorite contactless mean of payment (card, smartphone, watch…). 

Visit Trustonic booth and learn more about the solution, try it, and adopt it. 

Keep in touch with us at : info@alcineo.com 

Live demo at Money 20/20 Europe

Accept contactless payments on mobile

Come and try the demo live at Money 20/20 Europe in Amsterdam – June 4th to 6th. 

Money 20/20 Europe is one of the largest show dedicated to Fintech’s innovations and trends in the digital payment ecosystem. It is the right place to discover the solution which allows merchants to simply accept contactless transactions (using Mastercard or Visa contactless form factors), with nothing else in their pocket than their smartphone.

present card on smartphoneMCL (MasterCard) and PayWave (Visa) microkernels developed by Alcinéo are embedded into the Trusted Execution Environment (TEE) provided by Trustonic, in the secure OS of the mobile device. The contactless transaction is processed with the same level of security as when paying at a contactless capable POS.

No add-on is needed, and the sensitive transaction data are protected from malicious attacks.

The solution will be showcased during the event on Trustonic booth E121. 

Feel free to contact us for more information : info@alcineo.com 

 

Interac : updated terminal specifications v1.5b

Updates on contactless functionalities

Interac, the Canada-based payment network has released the latest version 1.5b of the “Dual interface reader/terminal specifications for Interac Direct Payment and NFC based transactions”.

The document sets requirements to guide vendors and developers wishing to implement the IDP specifications for contact and contactless transactions at POS systems and ATM (for contact).

Additional functionalities are described in the contactless specification part, defining the process for contactless transactions between a terminal and a mobile device supporting Interac application.

The main changes refer to the mobile payment requirements, such as a “Mobile Passcode” CVM type, or the retained cardholder data functionality, or the limit of contactless taps parameter.

These updated functionalities allow merchants to accept easily contactless payment at their POS systems, using the Interac contactless application, whether their customers hold a credit card, or a smartphone.

Other international payment schemes also set a range of functionalities to allow contactless payments using multi-form factors which drives further adoption and usage of the tap&go move, such as dual interface cards, smartphones, or other form factors like rings and wristbands.

Visit Interac website to discover Interac products, offers and services.

Feel free to contact your Alcinéo representative to obtain further information on our Interac contactless kernel, and on the range of software solutions and services for payment terminal security and interoperability.

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Upcoming event : Trustech

Contact us at info@alcineo.com to arrange a meeting during the 3 days event in Cannes, November 28 – 30