Should EMV and Tokenization Drive Interchange Fees Lower?

July 6, 2015    By : Milos Dunjic

Every time when we use our debit, credit or prepaid cards at a store, online or over the phone, the Merchant bank (Acquirer) is the one paying an interchange fee (or “swipe fee”) to the bank that issued the payment

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Whose Responsibility Should it be to Protect Sensitive Payment Card Data?

June 8, 2015    By : Milos Dunjic

The payment card ecosystem is a very complex, involving multiple interconnected service providers. It has been built over the last several decades. When it was originally put together, protection of card data wasn’t the primary concern, since payment cards could

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Tokenization Service Provider as Natural Plug-In Point for Value Added Services?

April 15, 2015    By : Milos Dunjic

The EMVCo Tokenization specification captures the basic services, envisioned by the payment industry, to support the payment authorization processing during the card not present (CNP) e-commerce and card present (CP) mobile payment use cases. On the other hand, the ProxyEMVPay

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Can Mobile Network Operators Regain Relevance In the Mobile Payments Space?

March 23, 2015    By : Milos Dunjic

Most of the payments industry pundits agree that the Mobile Network Operators (MNOs) lost relevance in the payments space, after which Apple Pay was launched and Google acquired SoftCard, going on to release the Host Card Emulation (HCE) framework. The

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Could Apple Pay Fraud Have Been Prevented?

March 9, 2015    By : Milos Dunjic

By now, pretty much everybody has heard about the identity fraud going on with Apple Pay. Stolen card data from the card-not-present channel and even some of last year’s stolen Target and Home Depot card data from the card-present channel,

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OnlineEMVPay – Using ProxyEMVPay Cards for Secure In-App Online Payments

March 1, 2015    By : Milos Dunjic

The details behind the concept of generic ProxyEMVPay cards as an ubiquitous and cheap non-mobile equivalent to Apple Pay, were described in How To Enable Tokenization With Physical Payment Cards. Essentially, the ProxyEMVPay card could be offered as Visa, MasterCard,

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How To Enable Tokenization With Physical Payment Cards

February 21, 2015    By : Milos Dunjic

The one of the main benefits and innovations of Apple Pay is that it never reveals the real card number (Primary Account Number or PAN) to the merchant’s Point Of Sale (POS) terminals. Instead, Apple Pay uses static tokens provided

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