The Digital Source For China's Tech Innovation Since 2000

Search
Close

VeriFone Certified For China's EMV Payment Standard

February 21, 2006
Business

VeriFone's (PAY) Vx Solutions payment products have been certified to meet the People's Bank of China's (PBOC) standard for chip card payment acceptance.

The bank's PBOC V2 standard is a localized version of EMV for domestic bank cards.

With the certification, Vx Solutions products, including dial-up and IP-based countertops as well as wireless based mobile devices, will be able to support EMV cards and China UnionPay branded chip cards inside and outside of China.

To drive chip migration in China, the PBOC issued the EMV-compatible national payment standard for new POS payment systems deployed in China. The Verix V architecture, which powers the Vx Solutions product line, was certified in January 2006 by the Bank Card Test Center of China – a national test laboratory for payment devices.

VeriFone says it has a strong presence in all markets that China UnionPay has penetrated, including Singapore, Malaysia, Hong Kong, Thailand, USA, and Germany.

Tags: America | bank | Bank of China | certification | China | China UnionPay | chip | Germany | Hong Kong | IP | IT | KONG | LINE | Malaysia | mobile | payment | PBOC | People's Bank of China | POS | Singapore | standard | Thailand | USA | Wireless

Other Related News:

CNNIC Official Takes Email Management Position

May 17, 2006

Gaming giant Epic to shut down Chinese version of ‘Fortnite’ following crackdown

November 3, 2021

Foxconn's Employee Committed Suicide Over iPhone-related Mistreatment?

July 22, 2009

Hackers backed by the Chinese government compromised computer networks of at least six American States

March 11, 2022

Roblox takes down Chinese version of its app, which was crucial for its expansion into this market

January 11, 2022

Taiwanese Apple supplier battles activists over $4bn cash pile DomeDIGITA

August 8, 2022

Volkswagen plans to double electric vehicle sales in China this year

January 12, 2022

Shanda's China Game Revenue Falls

September 9, 2010

Motorola China Innovation Center Opens In Beijing

November 9, 2007
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....