Gemalto Develops Applet to Speed Up Mobile Payment through Wearables
FREMONT, CA: Gemalto, a provider of digital security solutions, has delivered an applet based on secure elements for smart wearables, launched by China UnionPay Co. (CUP), an eminent payment association to speed up mobile payment transactions.
Smart wearables are grabbing immense attention in recent times, enabling people to track heart rates, food consumption details as well as helping them to monitor their moods. Gemalto is extending the ability of wearables developed by China UnionPay by supporting digital payment as well. The payment applet provided by Gemalto runs on secured elements, which are based on Near Field Communication (NFC) standards.
“Intelligent NFC-based wearable devices are set to disrupt our lives much beyond contactless payments—from user access and authentication to smart homes and cities, the possibilities are simply endless,” says Suzanne Tong-Li, President for Greater China and Korea at Gemalto. “With extensive experience in NFC ecosystem and end-to-end security, we support CUP to not only simplify and speed up this launch for maximum outreach, but also provide consulting for next-generation solutions.”
Being a recognized name in the field digital security, aimed at increasing connectivity, Gemalto provides technologies that help banks and other organizations deliver convenient and secure card and mobile payment services. “Companies working with Gemalto benefit from product and service deployments that are seamless and delivered on time,” cites Bertrand Knopf, Senior Vice President of Secure Transactions for North America, Gemalto.