Thursday, February 22, 2018 | Today's Vending Industry News
Secure Technology Alliance Provides Recommendations, Best Practices For Implementing Contactless Payments

Posted On: 2/12/2018

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PRINCETON JUNCTION, NJ -- Consumers want payments to be faster, more secure and seamless, and many stakeholders across the payments industry are looking to contactless payments as a way to meet these expectations.

For merchants, issuers and processors considering contactless payments, the Secure Technology Alliance has released a new white paper, "Contactless Payments: Proposed Implementation Recommendations," that provides recommendations to implement, accept and process contactless payments successfully in the U.S.

"The recommendations and best practices included in this white paper address both the perceived and actual challenges of the payment industry in implementing contactless EMV payment -- from POS configuration and deployment, processor integration, card issuer consideration and customer experience in the checkout lane," said Secure Technology Alliance executive director Randy Vanderhoof. "By addressing these concerns, the industry can acknowledge contactless as the next generation of payment technology, enabling greater checkout speed for merchants, providing a top of wallet advantage for issuers and creating a smoother deployment for processors."

The white paper was developed by the Secure Technology Alliance Payments Council, whose primary goal is to inform and educate the market about the means of improving the security of the payments infrastructure and enhancing the payments experience. The group brings together payments industry stakeholders to work on projects related to implementing secured payments across all payment channels and payment technologies.

Payments Council members participating in the development of the white paper included American Express, Cardtek, Discover Financial Services, Ingenico Group, Mastercard, Metropolitan Transportation Authority and Visa.

The Secure Technology Alliance's 2018 Payments Summit next month in Orlando, FL, will discuss and analyze the latest industry trends with sessions on new developments involving EMV chip technology, contactless payments, e-commerce, faster payments, mobile wallets, wearables and emerging IoT payments, blockchain, and the future transit contactless payment systems.

Click here to view the agenda and to register.