UL Releases Brand Test Tool for Quick Chip and M/Chip Fast

UL Releases Brand Test Tool for Quick Chip and M/Chip Fast

September 15, 2016 – UL is proud to announce the release of the UL Brand Test Tool for Quick Chip, a version of the UL Brand Test Tool specifically for testing a terminal for American Express Quick Chip, Discover Quick Chip, MasterCard M/Chip Fast and Visa Quick Chip.

Earlier this year all major payment brands introduced their versions of Quick Chip technology for the US market, a solution to reduce the time a card must remain in a point-of-sale terminal during a contact chip transaction. This makes the checkout process faster and more convenient for both merchants and cardholders. These technologies are known as American Express Quick Chip, Discover Quick Chip, MasterCard M/Chip Fast and Visa Quick Chip. All these solutions are designed for environments where fast transaction times, in addition to security, are important. Merchants and cardholders can expect speeds closer to the familiar magnetic stripe transactions, but with the added security of EMV.

New terminals that implement Quick Chip and/or M/Chip Fast are required to follow a streamlined certification process, which involves significantly less testing, as certain transaction steps do not have to be performed. In response to this, UL developed the UL Brand Test Tool for Quick Chip, a version of the UL Brand Test Tool with test cases for Quick Chip and M/Chip Fast only. The UL Brand Test Tool is officially qualified for American Express Quick Chip, Discover Quick Chip, MasterCard M/Chip Fast and Visa Quick Chip.

Maxim Dyachenko, Director Products at UL’s Transaction Security division states: “UL continues to provide high quality test tools for the payment market. We are confident that our customers in the US will benefit from the UL Brand Test Tool for Quick Chip as it will help them achieve a faster the time to market, ease their payment acceptance device testing, and increase their confidence during brand testing.”

Apart from the UL Brand Test Tool for Quick Chip, the existing UL Brand Test Tool has also been updated to support testing for Quick Chip and M/Chip Fast. For existing customers with an active Service Contract, the new version of the UL Brand Test Tool supporting test cases for Quick Chip and M/Chip Fast is available through our service site free of charge.

UL Test Tools, developed by UL’s Transaction Security division, are accredited by the leading payment brands and other industry bodies and help to arrange for simple and efficient test processes. UL’s Transaction Security division is the world’s number one competence center in secure transaction technology and has been developing test tools for the payment industry for over 20 years.

About UL’s Transaction Security services

UL’s Transaction Security division guides companies within the mobile, payments, and transit domains through the complex world of electronic transactions. UL is the global leader in safeguarding security, compliance, and global interoperability. Offering advice, training, compliance and interoperability services, security services, and test tools, during the full life cycle of your product development process or the implementation of new technologies. UL’s people proactively collaborate with industry players to define robust standards and policies. Bringing global expertise to your local needs. UL has accreditations from industry bodies including Visa, MasterCard, Discover, JCB, American Express, EMVCo, UnionPay, PCI, GCF, GlobalPlatform, NFC Forum, and many others. For more information, go to ul-ts.com

About UL

UL is a premier global independent safety science company that has championed progress for 120 years. Its more than 11,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain. For more information about our certification, testing, inspection, advisory and education services, visit ul.com.

Contact

Caitlynn Dykstra
Marketing EMEA/LA
T: (+31) 71 581 3636
E: [email protected]

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