24 May 2017
Visit www.capgemini.com/worldreports

Credit Mutuel previews chip card m-commerce system

20 February 2001  |  4040 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  |  2953 views  |  0 comments
Oberthur and SmartTrust enter PKI partnership

Oberthur and SmartTrust enter PKI partnership

12 February 2001  |  3312 views  |  0 comments
Pizza Hut to test Sonera Mobile Pay system

Pizza Hut to test Sonera Mobile Pay system

09 February 2001  |  3964 views  |  0 comments
Brief: SCM card readers win Europay approval

Brief: SCM card readers win Europay approval

25 January 2001  |  2452 views  |  0 comments
Europay to use SIM cards for online authentication

Europay to use SIM cards for online authentication

25 January 2001  |  3750 views  |  0 comments
Nokia begins mobile payment trials

Nokia begins mobile payment trials

08 January 2001  |  3595 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comDownload the paper nowvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
Google and PayPal partner for mobile shopping by fingerprintGoogle and PayPal partner for mobile shopp...
8968 views comments | 27 tweets | 28 linkedin
Time for data-driven banking to come of ageTime for data-driven banking to come of ag...
8892 views comments | 29 tweets | 35 linkedin
Banks must get on AI bandwagon now – new Finextra researchBanks must get on AI bandwagon now – new F...
8833 views comments | 22 tweets | 31 linkedin
Twins fool HSBC voice biometrics - BBCTwins fool HSBC voice biometrics - BBC
8717 views comments | 21 tweets | 24 linkedin
BBVA brings info and payments to social and messaging networksBBVA brings info and payments to social an...
6628 views comments | 11 tweets | 17 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job