EMVCo introduces streamlined approvals for mobile payment devices

The EMV technical body EMVCo has implemented a formal approval process to confirm that contactless mobile payment-enabled devices can operate seamlessly with EMV Level 1-approved payment acceptance terminals, the company said.

EMVCo said the new approval process incorporates Level 1 tests traditionally managed by the individual payment systems, bringing efficiencies to the process and reducing time to market, the release said.

EMV contactless mobile payment type approval covers both secure element and host card emulation technologies.

Accredited EMVCo laboratories have authorization to use qualified tests tools to perform the required evaluations.