Gemalto's End-to End Secure Mobile Payments
FREMONT, CA: Gemalto—specializing in digital security, announced that TELUS—wireless and Internet services provider has selected Gemalto’s Up Teq Near Field Communication (NFC) SIM cards, allowing users to store the key details on the SIM card without worrying about security on their smartphones. The Up Teq NFC SIM protects the credit card information and acts as alternative payment method with the same level of protection as the NFC payment technology.
Supported by the Europay Mastecard Visa (EMV) technology, the customers can make payments safely, authorize the transit pass, and cash in coupons in a secure way using the information stored on the SIM card. All these features can be used with the TELUS Smartphones sporting NFC technologies and LTE abilities. Gemalto’s Up Teq NFC SIM cards abide by the compliance trends 2016 and security testing with AmEx, MasterCard and Visa’s utmost requirements too.
Gemalto is an established player in the global security market be it EMV, global payment security standard contact or contactless banking cards, personalization services, mobile payment or eBanking solutions. To cope up with the rapidly changing digital landscape, Gemalto’s technology is designed to enhance the way consumers pay, bank, and conduct transactions. Gemalto makes it easier and faster for banks to deploy card and mobile payment services that are convenient and secure. The company also provides banks with technology to protect them at the core and at the edge against the growing number of cyber attacks for business transformation.
The usage of NFC technology has increased making lives simpler and beneficial for users worldwide. It has also influenced the finance sector by easing money transaction by connecting NFC technology with smartphones.