23 August 2017
Find out more

Pri-Num migrate mobile wallet to Visa Toekn Service

19 July 2017  |  6835 views  |  0 Source: Pri-num

Today, Pri-Num Ltd., an award-winning United Kingdom-based digital transactions and mobile wallet platform provider, confirmed that it has now successfully migrated VTB Mobile Pay solution to Visa Token Service (VTS).

EMVCo tokenization process has been accepted as a worldwide standard for secure digital payments and is attaining traction globally. Pri-Num believes that it was the right time to transition VTB Mobile Pay, originally implemented by Pri-Num in 2015, to VTS and transform the payment solution to make use of the tokenization tools. Tokenization is a new type of security replacing sensitive account information with a unique digital identifier - token, which permits payments to be processed without exposing account details.

“Pri-Num is excited to partner with VTB Georgia and to contribute further to the expansion of digital payments in the country,” expressed, Grigoriy Roginsky, Head of Business Development, Pri-Num.

VTB Mobile Pay service makes use of tokenization technology with a help of Prime Tokenization Services Platform® that supports the role of a Token Service Provider as described by the EMVCo specifications. Prime Tokenization Services Platform® includes onboarding and management, token provisioning, identification and verification, token lifecycle management, mobile app SDK, configuration, maintenance of a token vault and tokenization for custom account services.

“We have already made history with the VTB bank enabling the first mobile payment application in the country and can now support the market with secure tokenization services for a wide array of digital solutions,” added Mr. Roginsky.

As the digital world evolves, Pri-Num continuously develops new and secure digital payment services, promotes consistency envisioned in the industry standards to ensure customers can continue relying on Pri-Num products in the future.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
20362 views comments | 43 tweets | 83 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
13377 views comments | 28 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11983 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11246 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11103 views comments | 10 tweets | 8 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job