TD Bank Group is the first Canadian financial institution to adopt Visa’s global standard tokenization technology for its TD app for the Android operating system.
Powered by Host Card Emulation (HCE), this tokenization technology provides TD customers with enhanced security by substituting sensitive account information with encrypted “tokens” during mobile payment transactions. An additional benefit to moving to this new solution is a more seamless user experience to set up and begin using mobile payments, in a matter of seconds.
An evolution in mobile payments technology, the move to tokenization means this service is not SIM card or carrier dependent, so it can be used on more phones and by more TD customers. All that is required is a personal TD credit card loaded on an Android phone running on Kit Kat (version 4.4) or higher.
An Android widget is also available, for the first time, to allow for quick and convenient one-button access to launch mobile payments within the TD app.
For a complete archive of more than 60,000 articles published since 1995 search the CardFlash.com library.