Giesecke & Devrient and Ericsson have partnered to deliver a commercial end-to-end subscription management solution. Via a highly secure process, the system will enable the remote provisioning and management of mobile operator SIM profiles and policies.
In today’s CardFlash News Que: WEX (GraspPAY); FIRST SERVICE CU (Choice Rewards); FIRST ATLANTIC COMMERCE (Magnerto) and COGNIA (IVR).
As payment networks mull facilitating transactions from automobiles there are security concerns now being aggressively addressed. Giesecke & Devrient and IBM are teaming up to work on a new connected vehicle security solution with the intent to make car hacks much more difficult in the future.
In today’s CardFlash News Que: SYNCHRONY (Mills Farm); GIESECKE & DEVRIENT (HCE); XACTLY (eWAY); and MASTERCARD (EMV).
Giesecke & Devrient (G&D) has been certified “Visa Ready” by Visa for Host Card Emulation (HCE) cloud based payment services. With the Visa Ready status, Visa ensures that technology and service providers develop and deploy products and services that are compatible with Visa’s requirements. G&D’s data center in Canada has received Visa Ready certification as a provider for cloud based payment services.
One of the largest financial institutions in the Netherlands is now offering its customers an easy-to-use, secure and private mobile payment system. Rabobank is now offering a mobile wallet with secure payment app from G&D.
Tapit digital wallets get more versatility to not only make payments, collect loyalty points and open doors but now used for employee ID for building access. G&D is providing the highly secure SIM card platform.
BASE mobile subscribers can now make contactless payments using their smartphone at the supermarket, when filling up their car and in restaurants using the “BASE Wallet” digital wallet – and it is just as secure as using a traditional debit or credit card. This high level of security is made possible by Giesecke & Devrient.
Giesecke & Devrient secure payment products and solutions developed and deployed an EMV solution that allows a debit card to meet Durbin Amendment requirements while supporting bank, merchant and consumer needs. As an active member of the Smart Card Alliance’s EMV Migration Forum (EMF), G&D was an integral force in these discussions. Following the EMF’s recommended solution and leveraging decades of experience in developing highly secure payment products, G&D’s EMV debit card products and services offer the most advanced payment deployment, providing extensive functionality to support all of the latest specifications from the major payment brands. A chip embedded in a card serves to provide a higher level of security when compared to present-day magnetic stripe only cards, protecting cardholder data and information stored on the chip. Unlike static magnetic stripe cards, chip cards contain an operating system and support dynamic authentication. Every transaction requires new values produced by the chip to be delivered. Utilizing chip card technology will be seamless to the customer, though they will now be able to execute EMV transactions using a debit card.
WEX Inc. today announced that WEX Europe Limited has entered into an international agreement with Conferma, an expert provider of Virtual Card Number (VCN) technology for corporate travel and expense. The agreement builds on the virtual card technology and expertise of WEX Europe and will provide Conferma and its clients with business benefits internationally, building on WEX’s strengths in Virtual Credit, Debit and Prepaid payment solutions. The relationship brings a unique prepaid virtual product into Conferma’s suite of payment options for the first time, enabling Conferma’s partners to optimize payments by selecting the payment method that is most appropriate for each transaction type.
BankDhofar deployed Giesecke & Devrient (G&D) instant issuance solution, which will empower all branches of BankDhofar with its software for personalizing customer and payment cards. Customers can collect their debit cards instantly at the time of account opening itself, and start using them immediately. G&D is also supplying the bank with EMV cards and will offer all-round support for the instant issuance service. G&D’s Convego System Instant Issuance provides BankDhofar with a specially tailored all-in-one instant issuance system for its debit card portfolio. The solution is characterized by outstanding user-friendliness and offers customers the highest level of security thanks to a wide range of encryption methods and online-only personalization.
Giesecke & Devrient (G&D) will ensure the security of applications in the Telefonica O2 Wallet e-wallet. O2 customers are able to use their NFC-enabled smartphones with the related NFC SIM card to make contactless payments in all participating shops around the world. The O2 Wallet will be expanded to include further applications such as coupons and loyalty programs. For the wallet service’s pilot phase, G&D is providing the NFC SIM cards and the TSM (Trusted Service Manager) service. The O2 Wallet lets users make contactless payments with their cell phone where MasterCard “PayPass” is accepted. G&D is providing the O2 Wallet’s Trusted Service Manager service, which forms the basis for secure payments. G&D’s certified software and hardware elements, including its Trusted Service Manager services, fulfill the highest security requirements of payment providers such as MasterCard or Visa for payment transaction applications.