GlobalPlatform has launched the Basic Financial Configuration to specify which elements of the GlobalPlatform Card Specification v2.1.1 product vendors should use to ensure interoperability with the payment marketplace.
This advancement to the GlobalPlatform Compliance Program qualifies financial products to promote market consistency and ensure long-term compatibility, the company said in a press release.
Four test tools, delivered by Barnes International, Collis, FIME and Galitt, are qualified to test a product’s compliance to the GlobalPlatform Basic Financial Configuration. To receive GlobalPlatform certification for a product, the testing must take place at an approved laboratory.
“Rather than validate compliance to an entire GlobalPlatform specification, we have refined our compliance program to focus on functional requirements within a given sector,” Gil Bernabeu, GlobalPlatform technical director, said in the release.
The company developed the Basic Financial Configuration and a compliance program in response to requests and the need to ensure deployment of GlobalPlatform standards, Bernabeu said
