American Banknote Corporation (ABnote), the secure payment and identification solutions company, and MeaWallet, a provider of cloud-based payment services, have formed a strategic partnership to deliver open loop mobile wallet solutions to ABnote customers worldwide.
MeaWallet’s cloud-based mobile payment platform is now fully integrated into ABnote’s EMV payments platform and can provide a simple path to EMV-based payments.
The MeaWallet platform will provide an advanced interface layer for ABnote’s wallet solutions that allows customers the ability to enable payment services as well as other services like loyalty, coupons and more in a mobile wallet.
The partnership will provide existing and new customers the ability to add branded mobile wallets and cloud-based digital mobile payment cards to their portfolio of card products.
The open loop mobile cards will initially support MasterCard and Visa cloud based mobile payment schemes.
This essentially means that mobile cards issued using the solution will be accepted for contactless and remote payments at merchants that accepts these schemes.
“ABnote’s partnership with MeaWallet means that our customers will have a faster route to mobile payments, using new innovative products such as customer-branded mobile wallets,” said John Ekers, Global CIO at ABnote.
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