Making mobile payment deployment fast and easy for bank card issuers in Europe
Worldline, a European payment and transactional services firm, and Gemalto, a digital security provider, are working together to enable seamless onboarding of banks and card issuers to mobile payment wallets provided by device manufacturers.
With this agreement, the two industry leaders will be able to offer banks an end to end ready to use and customisable service. As a result, issuers will benefit from quick time to market, flexibility and control of their customers’ data, claimed the companies.
Worldline will provide tokenisation, a key element of mobile payments which transforms a physical card into a digital token, using its Token Service Provider platform, while Gemalto will ensure the highly secured credential delivery services to embed these tokens into smartphone mobile wallets using its Allynis Trusted Services Hub. Worldline will also provide additional identity verification and other issuing-related services.
“Gemalto’s wide smartphone reach brought by our Allynis Trusted Services Hub along with Worldline’s strong presence in the processing business result in a scalable service which complies with scheme certifications,” said Philippe Cambriel, president for Europe, Mediterranean and CIS at Gemalto. “It will help Worldline clients to deploy third party wallets quickly and more easily.”
Wolf Kunisch, head of the global business line financial processing and software licensing, plus managing director of Germany and CEE at Worldline, added: “In this time of significant payment innovation, Worldline is the banks’ partner, helping them to offer new services to their customers. Our agreement with Gemalto will allow banks to get fast access, through existing connections, to many third party wallet platforms, thanks to our joint expertise and Allynis Trusted Services Hub, while keeping control and flexibility on the use of the payment data.”