BlackBerry announced it has reached a three-year deal with Canadian mobile payment technology firm EnStream to provide a secure platform for mobile-payment transactions between several big Canadian banks and their customers.
The deal underscores BlackBerry’s focus on offering management and security for mobile
BlackBerry announced it has reached a three-year deal with Canadian mobile payment technology firm EnStream
devices to try to win back its traditional customer base of corporate and government customers to help the smartphone maker return to profitability.
“Given its requirements for security, the mobile payments space continues to be an area of focus for BlackBerry,” the company said in a statement.
EnStream will use BlackBerry’s infrastructure to allow banks and mobile operators “to securely provision sensitive payment card credentials into any smartphone capable of near field communication”.
“EnStream, with BlackBerry, is already serving a number of banks and mobile operators, and is becoming a hub for payment credential delivery to smartphones in Canada,” Almis Ledas, EnStream’s chief operating officer, said in a statement.
EnStream is owned by Canada’s three dominant telecom companies, BCE Inc.’s Bell Canada unit, Rogers Communications and Telus. It said the deal covers Canadian lenders Royal Bank of Canada, Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Desjardins Group.
BlackBerry is in the midst of an overhaul under the leadership of John Chen, who took over as chief executive last November. Its fiscal first-quarter results are due out next week.
Keywords: mobile payment, mobile payments, NFC, Near Field Communication, NFC payments
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