EMVCo has published a new specification to support the evolution of contactless and mobile payments and simplify global acceptance for merchants.
As contactless and mobile transactions increase around the world, the specification addresses industry demand for an EMV contactless kernel that can be used by all stakeholders globally for a secure contactless acceptance. A kernel is software that enables payment acceptance devices (such as point-of-sale terminals and ATMs) to process transactions. The EMV Contactless Kernel Specification supports the development of an EMV contactless kernel that uses existing terminal architecture, co-exists with legacy kernels for transition, and is licensable under the same royalty-free conditions as the EMV Contact Chip Specification.
