Cryptomathic Enables Secure Issuing of Payment Applications to MasterCard and Visa Mobile Wallets
Responding to increasing demand for mobile payments, e-security expert Cryptomathic has upgraded its EMV flagship issuing solution, CardInk, to enable customers to issue payment applications to smartphones and other mobile devices. The upgrade sees CardInk supporting MasterCard Mobile PayPass™ and Visa Mobile requirements.
The ability to use a mobile device to make a near-field-communication (NFC) payment at the point-of-sale (POS) or to transfer funds remotely is gaining widespread popularity across the globe. The extended functionality of CardInk, Cryptomathic's EMV data preparation solution, allows users to generate the personalisation data for mobile wallet credentials and to securely issue NFC payment applications to smartphones, using the same systems as when issuing physical payment cards. Aligning CardInk to both MasterCard Mobile PayPass and Visa Mobile supports Cryptomathic's customers in delivering mobile wallets that meet the standards of the international payment systems.