JM Associates Federal Credit Union pilots Star CertiFlash

Source: Star Network

JM Associates Federal Credit Union was the first financial institution to pilot Star CertiFlash, a new PIN debit application offered by the Star Network that advances point-of-sale (POS) security using one-time card number technology.

The STAR CertiFlash technology is programmed onto a contactless chip embedded within a payment device. For each transaction, the chip encrypts and transmits a card number that is good for only a single use. The STAR CertiFlash application is built on First Data's industry leading mobile payment specifications, designed to meet the needs of financial institutions and merchants.

JMAFCU volunteered to be the first financial institution to test the product in anticipation of bringing cutting edge technology to its member base. In this initial test, its employees successfully used the technology to purchase items from participating merchants.

Comments: (0)