12 December 2017
visit http://response.ncr.com

Gemalto scores Taiwan mobile NFC payments contract

08 December 2014  |  2417 views  |  0 Source: Gemalto

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, has provided its Allynis Trusted Services Hub (TSH) to secure NFC payment services launched by Taiwan Mobile Payment Co. (TWMP).

TWMP is a mobile-payments joint venture formed by three prominent Taiwanese banking groups, covering all of Taiwan's ATM, check, and credit card transactions. Gemalto's TSH will provide an aggregation service for banks, and perform secure provisioning of payment credentials to the users' devices. 27 Taiwanese banks have already signed up to the TSH to launch their NFC payment services, with more expected to join in soon.

Gemalto and major operators in the region are working towards extending the existing NFC services across the entire Asia-Pacific region. This TSH will enable TWMP to accelerate the deployment of mobile contactless services in Taiwan by providing a single connection for secure distribution and management of diverse applications.

End-users will be able to use their phones to make contactless payments for goods and services at 30,000 terminals such as convenience stores, retailers, and taxis. They will also be able to use their mobile wallet for mobile banking through traditional data services.

"Taiwan is rapidly moving towards becoming a cashless society," said Mr. Pan Wei-Jong, President, TWMP. "TWMP's TSH is a one-stop solution that reduces deployment complexities and upfront costs by allowing banks to avoid multiple individual arrangements. This enables our participating banks to easily plug in to the infrastructure and offer secure NFC services for a wide range of customers."

"With major banks and operators launching mobile NFC services in Taiwan, the country is all set for mass adoption, " said Suzanne Tong-Li, President for Greater China and Korea at Gemalto. "Our open access, future-proof TSH will enable TWMP to play the role of a trusted third party, bridging different kinds of services on a common platform for maximum market reach."

Read more: http://www.nasdaq.com/press-release/27-banks-in-taiwan-launch-nfc-services-with-gemalto-tsm-hub-20141208-00009#ixzz3LJqjqm8C 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.aciworldwide.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11766 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8599 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7049 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6757 views comments | 19 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6560 views comments | 17 tweets | 35 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job