Digital transaction processing specialist Carta has created Token Processing Appliance (TPA), which enables host card emulation (HCE) and tokenisation-based mobile payments, simplifying on-premises payments solutions.
The company claims TPA is the first ever product available in market that delivers a complete package of requisite components for cloud-based payments—including tokenization—for in-house deployment.
Best of both worlds
What’s more, Carta says the solution combines the advantages of cloud-based ‘software as a service’ models with those of on-premises deployment, meaning mobile wallet providers can overcome challenges associated with system upgrades, custom software development and ongoing updates.
The new solution reportedly streamlines testing, certification and on-going updates associated with in-house implementation, which for large issuers, domestic networks or processors, Carta says, could reduce risk, speed up time to market and lower the total-cost-of-ownership.
‘Complexity made simple’
“Mobile payments and particularly mobile payment security are critical and complex,” explained Carta CEO Brian Semkiw. “The TPA introduces maximum security with minimum complexity. This disruptive new product aligns with our corporate motto: ‘complexity made simple.’”
Rui Mendes, Carta’s CTO commented, “Processors and the banks that depend on older platforms have the challenge of adapting legacy code to modern payment requirements. TPA provides an effective bridge to address those challenges.”
Carta provides digital transaction processing in more than 20 countries around the globe and hopes this latest offering will cement its reputation as a leader in the payments processing field.
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