27 September 2016
Find out more

Credit Mutuel previews chip card m-commerce system

20 February 2001  |  3870 views  |  0 Credit Mutuel previews chip card m-commerce system

Motorola and Oberthur Card Systems are to demonstrate the application of PIN-based chip card transactions via WAP-compatible mobile phones at the GSM World Congress in France.

The demonstration affords a sneak preview of a secure shopping application which uses Eurocard-Mastercard EMV compliant smart cards and is to be implemented by France's Credit Mutuel later this year.

The application uses Motorola’s Timeport model of its tri-band, dual slot GSM - recently upgraded to accept EMV-compliant Eurocard-MasterCard M/Chip cards. Europay developed the specification and has upgraded its online test merchant site, Europay Shop, to support these mobile EMV payment transactions. Oberthur developed the card applications, including the SIM application for mobile phones.

Crédit Mutuel will issue the first EMV smart cards in France in late 2001, using Europay/MasterCard’s M/Chip applications. France Telecom Mobiles has upgraded its mobile payment solution (launched in June 2000) and is providing the GSM infrastructure. It has also developed the gateway for the demonstration transactions. In the near future, its customers will be able to conduct payment transactions with both French and international e-commerce merchants.

"This move further emphasises a high level of confidence in EMV-chip beyond the physical world," believes Pascal Dufour, senior manager, new products introduction at Europay International. "We expect continued growth over the next few years in the use of EMV- chip technology to secure payments over the Internet and mobile channels."

EMV stands for Europay-MasterCard-Visa - a joint industry working group created to facilitate the introduction of chip technology by developing joint specifications for smart cards and payment system terminals.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Schlumberger forecasts 20% smart card industry growth

Schlumberger forecasts 20% smart card industry growth

13 February 2001  |  2814 views  |  0 comments
Oberthur and SmartTrust enter PKI partnership

Oberthur and SmartTrust enter PKI partnership

12 February 2001  |  3121 views  |  0 comments
Pizza Hut to test Sonera Mobile Pay system

Pizza Hut to test Sonera Mobile Pay system

09 February 2001  |  3792 views  |  0 comments
Brief: SCM card readers win Europay approval

Brief: SCM card readers win Europay approval

25 January 2001  |  2316 views  |  0 comments
Europay to use SIM cards for online authentication

Europay to use SIM cards for online authentication

25 January 2001  |  3528 views  |  0 comments
Nokia begins mobile payment trials

Nokia begins mobile payment trials

08 January 2001  |  3441 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.com Find out more

Who is commenting?

A Finextra member Finextra Member Commented on: PSD2 - opportunities,...
A Finextra member Finextra Member Commented on: R3 banks use Intel dis...

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
13775 views comments | 54 tweets | 47 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8747 views comments | 17 tweets | 27 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
8574 views comments | 32 tweets | 17 linkedin
FCA to kickstart sandbox with 24 applicantsFCA to kickstart sandbox with 24 applicant...
7129 views comments | 33 tweets | 15 linkedin
Banks clubbing together to tackle KYCBanks clubbing together to tackle KYC
7032 views comments | 3 tweets | 8 linkedin

Featured job

Find your next job