How can you ensure secure NFC mobile payments for customers?
Payment devices are evolving over time, and the financial industry must adapt in parallel. Today, credit cards are being replaced by smartphones as payment terminals. But with these new means available to customers, new security issues are emerging. Customer IDs usually stored on credit cards are now carried on mobile devices. Thus, security features must take that into account.
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The challenge
In order to meet the requirements of consumers who want a simple and reliable mobile payment solution, the banking industry must facilitate the transition of payment cards to payment solutions with digital credentials (mobile payment applications. e-wallet…), while ensuring the security of the different payment devices.
The solution
International payment systems provide issuers, merchants and value-added partners with a consolidated payment ecosystem accessible through secure APIs that support the management and generation of digital payment tokens. Sensitive data such as primary account numbers (PANs) exchanged with transmitters are encrypted and authenticated in the APIs. Value-added partners that offer mobile payment solutions receive single-use transaction keys to provision the mobile application through these same APIs.
Additional features
Security functions for sensitive data exchanged with Visa Token Service (VTS) or Mastercard Digital Enablement Service (MDES) platforms have been added to the Crypt2pay security hardware module (HSM) to manage the authentication and encryption of sensitive data.
Why choose Atos mobile payment security solutions?
Our cybersecurity experts are here to help you.
Whether instant payments, mobile payments or transactions carried out in a payment center, we secure your financial transactions. For more information on what we can do for you, contact us today!
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