JCB and MasterCard Agree to Share Common Contactless Communications Protocol.Tokyo, Japan, Mar 14, 2006 - (JCN Newswire) - JCB JCB - Japan Credit Bureau JCB - Job Control Block JCB - Johann Christian Bach (classical composer) JCB - Joint Capabilities Board (part of DoD JCIDS) JCB - Joint Coal Board (Australia) JCB - Joint Configuration Board JCB - Joint Coordination Board JCB - Joseph Cyril Bamford Excavators Ltd JCB - Journal Control Block JCB - Journal of Cell Biology JCB - Journal of Creative Behavior, the only Asian-based international card brand, and MasterCard International have reached an agreement to share a common contactless communications protocol. The protocol is the MasterCard PayPass(TM) ISO/IEC 14443 Implementation Specification, which provides for a global standardized technology for contactless payment services. Visa International made an announcement to support the protocol in March 2005, and JCB`s adoption of the specification means that these major international card brands will be basing their contactless payment applications on the same communications protocol Over a Modem Are you there? Yes, I am. Are you ready to receive? Yes, I am. Here comes the message--bla, bla, bla-- did you get it? Yes, I did. Here comes the next part--bla, bla, bla-- did you get it? No, I didn't - resend it. Here it comes again-- bla, bla, bla-- did you get it? Yes, I did.. While contactless payment applications vary by brand, the common specification for communications protocol will allow POS terminal vendors to reduce the burden of system development, as well as reducing initial costs and lead time for most financial institutions and merchants because they do not have to purchase multiple POS terminals to support contactless card products. The common communication protocol ensures global interoperability for contactless payment products, and as a result it is anticipated that the pace of deployment of contactless terminals will accelerate. "We are pleased to work with MasterCard on this communication protocol, and I am sure this agreement will contribute to simplifying the various operational procedures for our partner members and vendors." said Akihiko Shigemori, Senior Vice President, Advanced Technologies, JCB Co., Ltd. "By this arrangement, we at JCB can accelerate our expansion of our contactless payment field in the international markets, while we continue to boost our QUICPay(TM) product in Japan, which is based on FeliCa An all-in-one identification and financial transaction chip from Sony. Coined from "felicity," which means "happiness," FeliCa cards are designed for use as passenger tickets, in-store and e-commerce transactions and employee/student IDs. Using RFID technology, the contactless FeliCa card is passed over a reader/writer, rather than inserted into a slot.(R) technology." JCB rolled out the "QUICPay(TM)" contactless payment product in Japan in April 2005, a scheme supported by Sony`s FeliCa(R) chip specification, which is widely employed for contactless payment solutions such as public transportation fare systems and mobile phone applications. In recognition of the necessity of globally standardized contactless payment services for markets around the world, JCB plans to begin development of an international JCB brand contactless solution based on the common communication protocol this year. * Felica(R) is a contastless smart card technology and registered trademark of Sony Corporation * MasterCard(TM) and PayPass(TM) are registered trademarks of MasterCard International Inc. About JCB JCB is an international credit card brand and the largest card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding overseas in 1981. Its merchant network includes 13.16 million merchants and spans 190 countries and territories. JCB cards are now issued in 19 countries and territories, with 55.99 million cardmembers. As part of its international growth strategy, JCB has formed alliances with more than 350 leading banks and financial institutions globally to increase merchant coverage and cardmember base. JCB's corporate philosophy of "Service from the heart", a commitment to responsive and high-quality service, continues to guide it as it creates the future together with its customers, merchants and partners. For more information, please visit: www.jcb-global.com/english or www.jcbcorporate.com/english. Source: JCB Contact: JCB Co., Ltd. International Strategy Planning Department Kazumi Kinoshita kazumi.kinoshita@jcb.co.jp +81-3-5778-8390 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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