The Bankwatch

Tracking the consumer evolution of financial services

“Canadian NFC Mobile Payments Reference Model” released by Canadian Bankers Association

The Canadian Bankers Association have released an important document outlining standards for integrating mobile payments into the Canadian Payments networks.  Its reasonably detailed at 133 pages. 

Page 40 outlines Square requirements for electronic receipts, suggesting some reasonable new thought has gone into this.  It has flow charts for standard payments, refusals, and even loyalty points treatment.  There is some security stuff including key management.

The flow charts that outline how cards would integrate into the current payment networks are well laid out.

Written by Colin Henderson

May 15, 2012 at 22:33

Posted in Uncategorized

One Response

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  1. very attractive blog , and i have told many freinds about your blog
    thnx and waiting more articles

    direct credits

    June 8, 2012 at 03:31

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