News

FIME receives Interac accreditation for dual interface cards certification

August 1, 2011

FIME, a provider of integration testing services for contact and contactless chip solutions, has become the first laboratory to receive Interac Association accreditation to certify dual interface cards and readers.

Interac Association is a not-for-profit member association responsible for the development and operations of the Inter-Member Network (IMN), a national payment network that allows Canadians to access their money through ATMs and POS terminals across Canada.

According to FIME, this will support the mass market rollout of Interac Flash, Canada’s new contactless debit service. Based on EMV requirements, Flash enables cardholders to conduct transactions at the point of sale using either the contact or contactless technology on their debit card for smaller value purchases.

Montreal-based FIME will perform evaluations on products before market release to ensure they comply with Flash specifications. Successful card and terminal products will be issued with the required certification stamps, said FIME in a statement.

For more information on this topic, visit our EMV research center.