Easily Provisions and Personalizes Mobile Payment Applications on VaultSEcure Secure Elements
TORONTO, ON, June 4, 2013 –NBS Technologies, a leading software and equipment provider for financial card personalization, today announced that the VaultSEcure® secure element from INSIDE Secure is now fully supported by the XpressiTrusted Service Manager (TSM). Financial institutions, mobile network operators and service providers can now use the Xpressi Trusted Service Manager to easily provision mobile secured applications on smartphones, tablets and other mobile devices based on this embedded secure element and securely download cardholder credentials.
“We have worked closely with INSIDE Secure to mutually validate that our respective solutions work flawlessly with each other, and I am happy to report that we have both achieved success,” said Bryan Hills, president and CEO of NBS Technologies. “The Xpressi TSM can now be used to load applets and personalization information on the VaultSecure secure element worldwide.”
According to Hills, MasterCard has recently evaluated the Xpressi Trusted Service Manager and added the software to its list of approved products.
“We welcome the opportunity to work with NBS to validate our VaultSEcure secure element and demonstrate our continuing commitment to industry standards compliance,” said Loic Hamon, Vice President Products and Marketing for the Mobile NFC Business Line at INSIDE Secure. “This is an important milestone in our TSM compliance strategy, and we will be continuing our efforts to ensure the compliance of our secure elements with the other major TSMs.”
The Trusted Service Manager is a critical component in mobile secure applications that provides access to the secure element in mobile devices so that service providers can distribute and manage applications remotely. The TSM works behind the scenes to transfer payment account information or any other credentials (depending on use case) onto the mobile device to enable it to perform secure transactions. The TSM integrates security systems to ensure that confidential consumer information remains completely secure.
Based on the INSIDE Secure VaultIC® architecture, the VaultSEcure secure element allows multiple trusted third parties to independently install and control their own applets in the same device. It comes pre-loaded with a suite of certified branded payment, access control and banking applets. Its Secure Memory Swap technology offers virtually unlimited storage for applet libraries at almost no cost, and a full complement of external interfaces for host connectivity supports all use cases. The VaultSEcure operating system is Java Card 3.0.1 and GlobalPlatform 2.2 compliant (including amendments A, C and D), and can be updated over the air.
About INSIDE Secure
INSIDE Secure (NYSE Euronext Paris FR0010291245 – INSD.PA) is a leading designer, developer and supplier of semiconductors, embedded software and platforms for secure transactions and digital security. INSIDE mobile NFC, secure payment and digital security products provide security for a wide range of information processing, storage and transmission applications. The company’s customers are found in a wide range of markets, including mobile payment, identification documents, access control, transit, electronic device manufacturing, pay television and mobile service operators. For more information, visit www.insidesecure.com.
About NBS Technologies
For nearly 40 years, NBS Technologies has continued to be a leading developer and provider of equipment for card personalization, EMV compliance/migration, smart card manufacturing and semiconductor handling equipment
NBS Technologies is a wholly-owned subsidiary of Brookfield Asset Management (www.brookfield.com), a global alternative asset manager. Focused on property, renewable power, infrastructure and private equity, Brookfield has over US$175 billion of assets under management and is co-listed on the New York (BAM) and Toronto (BAM.A) stock exchanges. NBS Technologies' head office is located in Canada with locations in USA, France and the UK, along with a worldwide dealer network. Please visit www.nbstech.com for more information.
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For INSIDE Secure:
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