JCB and MasterCard Agree to Share Common Contactless Communications Protocol.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Mar 14, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - JCB JCB Noun trademark, Brit a large machine used in building, that has a shovel on the front and a digger arm on the back [initials of Joseph Cyril Bamford, its manufacturer] JCB® n abbr , the only Asian-based international card brand, and MasterCard International have reached an agreement to share a common contactless communications protocol Hardware and software standards that govern data transmission between computers. The term "protocol" is very generic and is used for hundreds of different communications methods. A protocol may define the packet structure of the data transmitted or the control commands that manage the . The protocol is the MasterCard PayPass(TM) ISO/IEC ISO/IEC International Organization for Standardization/International Electrotechnical Commission (ITU-T M 3000) 14443 Implementation Specification, which provides for a global standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. technology for contactless payment Contactless payment systems are credit cards, key fobs, or other devices which use RFID for making secure payments. The built in chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. 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. While contactless payment applications vary by brand, the common specification for communications protocol will allow POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale 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 The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. 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 The detailed methods by which headquarters and units carry out their operational tasks. 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(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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