FIME has been contracted to help eftpos Payments Australia Limited migrate from magnetic stripe cards to a contact and contactless chip card.
eftpos started this project in early 2011 by developing its eftpos chip, which it piloted in October 2011. It continued enhancing the card, introducing Australia’s first contactless chip card in June 2012. This EMV-compliant chip can support many contactless payment options on one card.
FIME is working with eftpos to create a test plan, test bench and test tool to validate card readers and terminals to evaluate their compliance to eftpos’ functional and security requirements. Additionally, FIME will develop tests for eftpos’ mobile payments, which will be released over the next two years.
FIME’s involvement with the program will continue throughout the national deployment of the new system.