Fit Pay, a wearable payments startup founder by former Visa and CyberSource executives, has raised $3.1 million in a seed funding round led by Germany's Giesecke & Devrient.
Giesecke & Devrient's next generation Dual Interface EMV product is the only product available today that provides all features needed for full compliance with the Durbin Amendment.
Giesecke & Devrient (G&D) has been certified “Visa Ready” by Visa for Host Card Emulation (HCE) cloud based payment services.
Commonwealth Bank of Australia´s (CBA) latest mobile Cloud Payment launch is amongst the world's first commercial offerings for HCE (Host Card Emulation) for NFC contactless payments.
Rabobank has rolled out a mobile wallet on the embedded Secure Element of Samsung Galaxy S4 and Samsung Note 3 phones.
With its NFC-capable SkySIM CX SIM card, Giesecke & Devrient (G&D) is providing the key security component for Deutsche Telekom's digital wallet, known as MyWallet.
The French central bank, Banque de France, is modernizing its cash centers and boosting their level of automation. Giesecke & Devrient (G&D) won the tendering procedure for updating the bank's processing systems over all competitors and was appointed main supplier of Banque de France's banknote processing solutions.
One of Brazil's largest banks, Bradesco is working with telco Claro to kick off a nationwide NFC-based mobile payments programme starting in Sao Paulo in the second half of the year.
Giesecke & Devrient (G&D) is providing its secure software platform to the Commonwealth Bank of Australia (CBA), the country's largest financial institution to enable secure contactless payment transactions with the Samsung Galaxy S4 smartphone.
The world's first contactless smart cards compliant with the CIPURSE open security standard are now being used in different projects in Brazil.
© Finextra Research 2016