Fime gets the first CPACE-approval to help unify European payments
By Joy Dumasia
Fime is the first to be approved by the European Card Payment Cooperation (ECPC) to test and certify payment terminals and SoftPOS solutions according to the CPA Contactless Extensions (CPACE) specification. Terminal vendors and kernel developers can now confirm their products’ Level 2 functional compliance using Fime’s Eval+ cloud-based test tool and lab services. CPACE provides a foundation of interoperability for the European payment ecosystem, offering a seamless experience for consumers when making contactless payments.
Fime’s extensive portfolio of CPACE services allows players to achieve compliance with multiple schemes quickly and efficiently. This approach helps to reduce costs, mitigate risks and ensure consistency across the ecosystem. Powered by Fime Test Factory, Fime’s CPACE testing tool and services provide development teams with 24/7 access to the latest test suite, ensure accelerated time-to-market through automated product testing and facilitate collaboration between distributed teams.
Raphaël Guilley, VP Solutions at Fime, comments: “Our unique experience allows us to support the development of CPACE as a common European platform for contactless payment acceptance. By increasing openness and reducing the time needed to develop different technologies, stakeholders can avoid vendor lock-in and focus on enabling innovation. We are proud to be facilitating interoperability in the terminal acceptance ecosystem to drive better user experiences across Europe.”
Recently, IBS Intelligence reported that Fime had been chosen by Australia’s domestic payment scheme eftpos to support its ecosystem’s migration to the latest EMV®* 3DS protocols with its EMV 3DS test solution powered by Fime Test Factory. This initiative will help the payments system to reduce time to market for its members and enable seamless and secure authentication experiences when shopping online.
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