18 October 2017
Register now

German savings banks to roll out mobile payment service

06 October 2017  |  6692 views  |  0 Cash on Tap

Germany's savings banks are planning a mass-market roll out of contactless mobile payments technology in 2018.

Using technology developed by S-Payment, a subsidiary of the Deutscher Sparkassen Verlag (DSV) group, the product is currently undergoing pilot trials with ten Mastercard issuing savings banks.

In the nation-wide commercial phase, girocard mobile, Germany's most-used payment card and other schemes will be supported.

The banks are working with G+D Mobile Security to provide on-air provisioning and connections to the Mastercard tokenisation services MDES (Mastercard Digital Enablement Service) for securing transactions.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Deutsche Bank rolls out mobile NFC payments for Android handsets

Deutsche Bank rolls out mobile NFC payments for Android handsets

05 April 2017  |  7045 views  |  0 comments | 5 tweets | 12 linkedin
Germany's N26 aims to become Europe's leading mobile-only bank

Germany's N26 aims to become Europe's leading mobile-only bank

15 March 2017  |  5813 views  |  0 comments | 10 tweets | 12 linkedin
O2 moves into mobile point of sale

O2 moves into mobile point of sale

05 August 2016  |  6758 views  |  0 comments | 11 tweets | 4 linkedin
Telefonica Germany launches Fidor-backed mobile banking service

Telefonica Germany launches Fidor-backed mobile banking service

25 July 2016  |  12774 views  |  1 comments | 20 tweets | 24 linkedin
German mobile payments outfit Yapital wound down

German mobile payments outfit Yapital wound down

01 December 2015  |  7154 views  |  6 comments | 9 tweets | 10 linkedin
SIA bids to take Jiffy P2P payments service to Germany

SIA bids to take Jiffy P2P payments service to Germany

18 November 2015  |  4784 views  |  0 comments | 7 tweets | 3 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15195 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8396 views comments | 16 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7909 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7355 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6509 views comments | 8 tweets | 16 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job