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From the News Desk
Wednesday, 14. May 2008
Toshiba and MasterCard Plan to Start Contactless Chip Module
Toshiba and MasterCard have recently come up with MasterCard PayPass enabled chip module, which is a contactless payment feature developed and deployed globally by MasterCard. The chip module that is enabled with dual interface (EMV contact/PayPass contactless) is designed using globally interoperable standards (ISO/IEC7816 and ISO/IEC14443).
According to Toshiba, adoption of the chip module for MasterCard customer companies is easy, as it is enabled with M/chip 2, which is the most accepted version of M/Chip (application for IC card of MasterCard) among MasterCard customer companies in Japan.
"PayPass has been widely implemented worldwide by MasterCard, and Toshiba believes that the inherent convenience of the PayPass-enabled chip will make it very popular among Japanese card issuers and cardholders. Together with MasterCard, we look forward to further expanding the global reach of PayPass and delivering greater benefits to customers," said Kazuhiro Kubota, Senior Manager, Smart Card Systems Sales & Marketing Department, Toshiba.
Both the companies have scheduled the launch of this new chip module by the end of 2008. Production of the chip module would be taken care by Toshiba, whereas MasterCard will expand the chip module equipped cards in the market and further expand PayPass that enables customer more convenient and secure payment.
According to Toshiba, adoption of the chip module for MasterCard customer companies is easy, as it is enabled with M/chip 2, which is the most accepted version of M/Chip (application for IC card of MasterCard) among MasterCard customer companies in Japan.
"PayPass has been widely implemented worldwide by MasterCard, and Toshiba believes that the inherent convenience of the PayPass-enabled chip will make it very popular among Japanese card issuers and cardholders. Together with MasterCard, we look forward to further expanding the global reach of PayPass and delivering greater benefits to customers," said Kazuhiro Kubota, Senior Manager, Smart Card Systems Sales & Marketing Department, Toshiba.
Both the companies have scheduled the launch of this new chip module by the end of 2008. Production of the chip module would be taken care by Toshiba, whereas MasterCard will expand the chip module equipped cards in the market and further expand PayPass that enables customer more convenient and secure payment.
