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Trusted mobile payments make your life easier and safer

Trusted online payments on a mobile device and at physical point of sale (POS)

The proliferation of mobile devices is an enormous opportunity for financial services to connect more closely to their customers. Banks have recognized this opportunity and are partnering with their customers to give them greater access and control over their transactions.

Major credit card providers have developed certification programs to ensure their services can be fully trusted and that a standardized ecosystem is the norm. Now it’s necessary that mobile payment partners are fully compliant with global security standards.

The challenge today for credit card providers is to decide which channel (or channels) should be used to reach customers: either third-party wallets such as ApplePay and Samsung Pay or their own Issuer Wallet.

The channel(s) will depend on what the issuer wants to achieve. For many banks this will result in a multi-channel strategy - mixing third-party wallets (OEM “Pays”: ApplePay, SamsungPay, AndroidPay etc) with their own HCE (Host Card Emulation) -based payment solution, each channel providing a different value proposition.

Today , the future for mobile payment services is clear - before most of the sector had been focusing on contactless payments; now, Visa and MasterCard are now developing new standards for mobile payments.

These new standards allow the same token services (VTS & MDES) to be used for payments made within mobile merchant apps, online services and even non-mobile online payments. The principle is simple: a seamless method for online payments on a mobile device and at physical point of sale (POS).

Inside Secure technology is driving trust at the heart of mobile payments.



Mobile Payment Applications (or Wallets) are being driven by the exponential growth in both Contactless Payment acceptance and Mobile Device adoption globally