Tag: gemalto

Gemalto and Worldline launch new mobile payments solution

Gemalto and Worldline have teamed to launch a new payment solution to tap into the NFC market

Gemalto, a leading digital security firm, and Worldline, a transaction processing company, have announced the launch of a new mobile payments solution designed to tap into the growing NFC market. The number of NFC-enabled mobile devices has grown significantly over the past few years. With more consumers having access to these devices, new opportunities have emerged in the mobile commerce space. Gemalto and Worldline aim to tap into these new opportunities to find greater degrees of success with their mobile initiatives.

New platform will make use of tokenization technology to make transactions more secure

Worldline will be providing its tokenization service for the new payment solution. Tokenization involves replacing consumer financial information with digital tokens, which can be used to authenticate transactions. These digital tokens are unique every time they are generated, making consumer transactions more secure. Wordline will also be providing identity verification and other such services that will ensure that consumers are protected when they make use of the mobile payments solution.

Study predicts that digital transaction volume with reach $3.6 trillion this year

mobile payments - NFC techJuniper Research released study recently showing that the annual transaction volume of online, mobile, and contactless payments will reach $3.6 trillion by the end of this year. This is a 20% increase over the transaction volume that was reported in 2015. New payment services, such as those being launched by Gemalto and Worldline, have increased exposure to mobile payments, which consumers are finding to be quite convenient in their daily shopping habits.

Demand for mobile commerce support is placing pressure on banks

The new payment solution is focused on banks, which have been facing a major increase in the demand for mobile commerce support. These banks want to serve their customers in a more effective way, and with so many becoming reliant on mobile technology, banks are feeling pressure to adapt. These banks currently have a wide variety of mobile payments services that they can support, but they must ensure that these platforms are secure in order to meet the needs of consumers.

Gemalto receives MasterCard approval for new mobile payments system

New cloud-based mobile payments system has won the approval of MasterCard

Gemalto, a prominent digital security firm, has received approval from MasterCard to complete its cloud-based mobile payments system. The new system is meant to serve as an all-encompassing solution, including support for backoffice server platforms and payment software running on a consumer’s mobile device. The system will leverage the power of cloud computing technology, which will make it more secure and allow it to better accommodate the needs of consumers and businesses alike.

Security remains a major issue that requires attention in the mobile payments space

MasterCard spent a significant amount of time evaluating the mobile payments system from Gemalto. The company was particularly interested in the security aspects of the system, as Gemalto has extensive experience in digital security. Mobile security has become a quite important issue in the mobile payments space. As mobile commerce has grown in popularity, it has become an attractive target for malicious groups that want to exploit consumer financial information. Gemalto has been an advocate for security, especially in the mobile payments space, for several years.

Payment system will be part of the Allynis Trusted Services Hub

MasterCard Approval - Mobile Payments The new payment system will be a part of Gemalto’s Allynis Trusted Services Hub, which serves as a turnkey business service for financial institutions. Merchants and banks will be able to use the system to effectively engage mobile consumers. Gemalto notes that the new system will be secure, providing users with piece of mind, especially as security threats become more prominent.

Companies are beginning to feel pressure to embrace mobile payments services

Mobile payments are becoming more popular among consumers, many of whom are beginning to base a significant portion of their lives on their smartphones. This has begun to pressure several companies, particularly those within the retail industry, to embrace new mobile-centric services, such as payment and mobile security systems. These companies have begun to invest in systems like those provided by Gemalto, which will allow them to better connect with consumers and ensure their success in the mobile payments field.