Enabling Technologies

Faster EMV Transactions: J/Speedy v1.3 Contactless EMV Acceptance for JCB Cardholders to Be Enabled by VeriFone First

MEDICI

Global rollout begins with Verifone Asia Pacific clients

San Jose, Calif.(Press Release) – Verifone announced approval from JCB Co., Ltd. to support J/Speedy v1.3 —making Verifone’s merchant clients the first to be able to accept this latest version of the contactless EMV payment program used by JCB cardholders.

“We are very pleased that Verifone is the first to globally support the latest version of J/Speedy for its merchants,” said Tac Watanabe, EVP of Brand Infrastructure and Technologies for JCB. “Currently, over 89 million consumers use the JCB card, which is accepted by more than 28 million merchants in 190 countries and territories. This certification benefits Verifone clients worldwide that are eager to accept contactless payments from our cardholders.”

SPEED, EASE AND SIMPLICITY

“Verifone has been a leader in the world’s migration to the EMV standard and solving payments challenges for merchants,” said Steve Aliferis, president of Asia Pacific for Verifone. “Certification from JCB helps us continue this leadership by enabling our merchants to be the first to accept the latest version of this convenient form of contactless EMV—furthering their ability to reduce checkout times and improve the customer experience.”

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J/Speedy provides a simple, fast, and convenient way for consumers to pay, particularly in environments where throughput speed is critical, such as supermarkets, convenience stores, and fast food restaurants. The program enables consumers to pay by simply tapping their card or mobile phone on a certified terminal or J/Speedy reader.

VERIFONE FIRST TO IMPLEMENT J/SPEEDY GLOBALLY

Verifone is making its newly certified payment application software globally available, and merchants in China, Taiwan, Thailand and other markets in the Asia Pacific region will be the first to have the ability to update their Verifone terminals to accept J/Speedy contactless payments from consumers.  Interested merchants can contact their acquirers or terminal providers to learn more about how they can receive Verifone’s J/Speedy software update.

About Verifone

Verifone is transforming everyday transactions into opportunities for connected commerce.  We’re connecting more than 27 million payment devices to the cloud—merging the online and in-store shopping experience and creating the next generation of digital engagement between merchants and consumers.  We are built on a 30-year history of uncompromised security.  Our people are known as trusted experts that work with our clients and partners, helping to solve their most complex payments challenges.  We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers.

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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