CCV Deutschland, a German electronic payment company, has partnered with the global security technology firm Identiv Labs to develop a complete solution for contactless payments.
CCV will use the expertise of Identiv Labs to design, develop and produce a range of network-connected frontend contactless readers that will facilitate convenient payments at vending machines and other highly frequented point of sales (POS).
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The new solution will be near field communication (NFC) enabled to accept through smart phones without the need for paper currency, coins, or additional authorization with a signature or pin.
Identiv will supply CCV with the EMV level 1 certified contactless reader modules that are compatible with Identiv’s uTrust TS Readers enabling customers in commercial, government and consumer markets to leverage a range of existing credentials for closed loop payments.
Identiv CEO Jason Hart said: "Through Identiv Labs, CCV was able to engage Identiv’s extensive experience in NFC contactless technology, security, privacy, and connected devices in the Internet of Things (IoT) to bring to market a fully EMV-certified solution.
"This solution addresses markets from unattended kiosks to retailers, implementing a rapid, cost-effective modern payment infrastructure."
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By GlobalData
