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News and resources on payments systems, innovations and initiatives worldwide.

Discussion
Apple offers to open up NFC payments access to settle EU antitrust probe
Stephen Wilson

Stephen Wilson

  The article states: "Apple would create the necessary APIs to allow equivalent access to the NFC components in the Host Card Emulation mode, a technology issued to securely store payment credentials and complete transactions, without relying on an in-device secure element." I want to query the part about 'not relying on an in-device secure element'.  As I understand Host Card Emulation, it does use a secure element, just not the same one as in the EMV smartcard. That is, the protocol will use Apple's iPhone enclave. For a bank and a handset vendor to agree to use an NFC chip set to emulate an EMV card, thebank must satisfy itself that the NFC chips are more or less equivalent to EMV chips as "secure elements".  It will bethesame logic when a handset's NFC chip set isused to hold an (emulated) eID, e-passport or mDL.  If I am correct, then the article might be misleading for it implies that the Apple NFC offering would foresake a secure element.  Steve Wilson, Lockstep Consulting. 
India partners Google Pay to take UPI global
Ketharaman Swaminathan

Ketharaman Swaminathan

  A coupla years ago, there was a lot of Kool Aid that Google was showcasing UPI to Fed for USA's A2A RTP, which was then in planning stage. With Fed going ahead with another product for FedNow, that movie didn't end well.   Hope this new Google-UPI movie has a better ending.
Big Tech firms begin fight back over regulatory oversight of digital wallets
Ketharaman Swaminathan

Ketharaman Swaminathan

  Sure why not, since I'm not anonymous, my triumvirate allegiance should be obvious:).
Big Tech firms begin fight back over regulatory oversight of digital wallets
A Finextra Member

A Finextra member

  Good points - the triumvirate to be wary of is the unhealthy connection between Big Tech, Big Government and Big Banking
Edward Metzger

5 payments trends to watch in 2024

Edward Metzger - Vice President, Payments Efficiency, Lexis Nexis