29 August 2016
Find out more

CaixaBank chooses Morpho as TSM partner for NFC m-payments service

24 February 2014  |  1526 views  |  0 Source: Morpho (Safran)

Morpho (Safran) today announced that it has been selected by Spain's leading bank, CaixaBank, to deliver Trusted Service Management (TSM) for mobile payments via Near Field Communication (NFC).

This is the largest commercial NFC mobile payment deployment in Europe in terms of customer coverage and number of contactless payments. It is also the first to involve the Subscriber Identity Modules (SIM) of all major Spanish telecom operators.

NFC payments will be accepted by a large base of contactless terminals from various merchants, representing more than 300,000 points of sale in Spain.

For this European first, Morpho will enable the customers of CaixaBank to pay with their NFC phones. Morpho will deliver TSM services which provision the VISA payment application and the bank card data into the customer SIM card with the highest level of security.

The TSM service will be deployed in collaboration with Info-Direct, a card, mobile and direct marketing service provider established in Barcelona and CaixaBank's leading supplier for card personalization.

Paolo Villasco, Vice President and General Manager Banking Business Unit at Morpho Business Solutions Division said, "The NFC market is entering into a new phase. 2014 will be the starting point for commercial rollouts in Europe and certainly the basis for successful development of the global mobile payment market. As a key industrial player in this area, Morpho is very proud to deliver innovative technologies enabling CaixaBank to launch the biggest NFC commercial service in Europe."

Josep Artigas, CEO of Info-Direct, said, "With this deployment for CaixaBank, Info-Direct is setting an important milestone. By having Morpho, a worldwide leader in mobile NFC payment transactions, at our side, we have become one of the leading players on the Spanish NFC payment market." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit equens.comFind out moreVisit capgemini.com

Top topics

Most viewed Most shared
hands typing furiouslyBig Data's Three Big Trends in 2016
8377 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7967 views 11 | 24 tweets | 10 linkedin
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
7104 views comments | 16 tweets | 21 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6845 views comments | 18 tweets | 21 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6342 views comments | 14 tweets | 14 linkedin

Featured job

Find your next job