American Banknote Corporation (“ABnote”), a pioneer in secure payment and identification solutions, and MeaWallet, a leading provider of cloud-based payment services, have formed a strategic partnership to deliver open loop mobile wallet solutions to ABnote customers worldwide.
MeaWallet’s cloud-based mobile payment platform is now fully integrated into ABnote’s Europay MasterCard Visa (EMV) payments platform and can provide a simple path to EMV-based payments.
The MeaWallet platform will provide an advanced interface layer for ABnote’s wallet solutions that allows customers the ability to enable payment services as well as other services like loyalty, coupons and more in a mobile wallet. The partnership provides existing and new customers the ability to add branded mobile wallets and cloud-based digital mobile payment cards to their portfolio of card products. The open loop mobile cards will initially support MasterCard and Visa cloud based mobile payment schemes. This means that mobile cards issued using the solution will be accepted for contactless and remote payments at merchants around the world that accepts these schemes.
“ABnote’s partnership with MeaWallet means that our customers will have a faster route to mobile payments, using new innovative products such as customer branded mobile wallets,” said John Ekers, Global CIO at ABnote. “We look forward to enabling many new and interesting mobile payment projects together with our customers around the world.”
The digital mobile payment cards are using tokenization with cloud-based security and Host Card Emulation (HCE) technology. The end-users just tap their smartphone at the merchant NFC-enabled POS-terminal to complete the payment. The service will work at all merchants that accept MasterCard PayPass and Visa payWave transactions.
“We are proud to partner with an innovative technology and services provider like ABnote,” said Lars Sandtorv, CEO at MeaWallet. “We look forward to supporting them in the enabling of new, secure and attractive mobile services. As the growing card market now goes mobile, this partnership is strategically important for MeaWallet, enabling us to offer our solutions to new customer segments.”