Gemalto, the world leader in digital security, announces that its Trusted Service Hub (TSH) can now offer a single gateway enabling issuers to connect to the Mastercard and Visa tokenization services, simplifying the way financial institutions can launch mobile payment services. Banks and other issuers are increasingly deploying multiple payment schemes for their mobile payment offering. Gemalto’s cloud-based solution can manage all their digital issuance needs from a single hub.
The Mastercard and Visa platforms manage the tokenization: it is the process that converts cards’ sensitive data into a unique digital identifier (or token) that can be deployed more safely on smartphones and similar devices. The token allows payments to be processed without exposing actual account details that could potentially be compromised.
Card issuers, as well as wallet providers, can rely on Gemalto to help them launch rapidly and massively mobile payments without having to face different security frameworks or complex integration, while benefiting from Mastercard and Visa’s tokenization services.
Gemalto’s offering provides:
Fast time to market: thanks to an off-the-shelf TSH cloud platform, pre-integrated with tokenization services from Mastercard and Visa (MDES and VTS).
Easy integration: a single connection to our platform allows access to different payment schemes.
Amodular and scalable solution: making it easy and fast to add new wallets and use cases.
For more information visit www.gemalto.com
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