Under the agreement, FIME extends its existing Visa payment card and terminal testing portfolio to also include the validation of a Visa payment application on a secure element (SE).
VMPA is an applet that resides in the SE and transforms an NFC phone into a payment device, enabling consumers to pay for low cost goods and services by ‘waving’ their smartphone in front of a contactless payment terminal. FIME has been accredited by Visa to validate the VMPA application on all SE form factors including microSD, UICC and embedded SE.
In recent news, Clear2Pay, the international technology provider of payment solutions for financial institutions, has unveiled that its M/Chip Advance Test Solution has been analysed and validated by FIME.
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