Responding to increasing demand for mobile payments, Cryptomathic has upgraded its EMV flagship issuing solution, CardInk, to enable customers to issue payment applications to smartphones and other mobile devices. The upgrade sees CardInk supporting MasterCard Mobile PayPass and Visa Mobile requirements.
The ability to use a mobile device to make a near-field-communication (NFC) payment at the POS or to transfer funds remotely is gaining widespread popularity across the globe. The extended functionality of CardInk, Cryptomathic’s EMV data preparation solution, allows users to generate the personalisation data for mobile wallet credentials and to securely issue NFC payment applications to smartphones, using the same systems as when issuing physical payment cards. Aligning CardInk to both PayPass and Visa Mobile supports Cryptomathic’s customers in delivering mobile wallets that meet the standards of the international payment systems.
The CardInk enhancement is readily available to all customers – including card issuers, personalisation bureaux and data processors – leveraging the existing CardInk infrastructure. This delivers a simplified step towards securely issuing mobile wallets, where all data preparation is conducted within the highly secure CardInk environment, using robust cryptographic key management during the issuing process.
“The industry has been talking about mobile NFC and remote payments for some time, and while we have seen many high profile brands announce their position to make this technology become a mass market reality, the landscape is still evolving and the infrastructure is still developing,” comments Martin Eriksen, CardInk product manager at Cryptomathic.
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