Fime has received accreditation from American Express Co. for its cloud-based payment testing services to validate Amex mobile payments leveraging Host Card Emulation (HCE) apps.
Fime’s Global test tool is the first one in the market available to test Amex’s ExpressPay HCE apps, the Antony, France-based technology consulting firm said in a Feb. 27 press release.
HCE is a software-based method of enabling contactless payments without accessing the secure element usually required for Near Field Communication transactions. It is considered more flexible, and has been gradually catching on with financial institutions over the past few years.
The American Express building stands along Avenue Reforma in Mexico City, Mexico, on Monday, May 4, 2009. Mexican President Felipe Calderon said that the country will beat the outbreak of swine flu that has caused 26 deaths and may return to normal on May 6 after taking unprecedented action to curb the spread of the disease. Photographer: Susana Gonzalez/Bloomberg News
SUSANA GONZALEZ/BLOOMBERG NEWS
Mobile payment solution providers and issuers may now use Global to ensure ExpressPay HCE apps are performing in line with Amex’s specifications, according to Fime. Previously Amex accredited Fime to test Amex’s secure element-based implementations, cards and terminals.
Fime in May 2016 said EMVCo approved its tool for mobile payment application testing, and during the same month Fime announced that its tool was qualified for Mastercard cloud-based mobile payment application testing.
Lenders have been working to shrink their rent-regulated real estate loan portfolios since a watershed state law passed in 2019, but those plans may be accelerated.
Consumer spending and exports fell slightly in the latest estimate, leading to a downward revision. Imports, which dragged down overall output during the first three months of the year, also came in smaller.
Banking has long been overseen by independent agencies, though that independence has been waning for years. With the Supreme Court poised to weigh in, experts are questioning where — and whether — to redraw the line between politics and policy.
The regulator and conservator of two influential loan buyers with government ties has directed them to look at digital currency's use in qualifying borrowers.
The Texas attorney general has accused WEX Bank of "debanking" a firearm supplier, but the Maine-based bank said it does not discriminate against any industry.
