
Deliver issuance and management of mobile NFC payment tokens
ACI Worldwide, a provider of payment solutions, has expanded its partnership with Bell ID, a provider of smart card and token management solutions (view press release). The partnership aims to use ACI Token Manager for Mobile to deliver issuance and management of mobile near field communication (NFC) payment tokens for devices equipped with contactless technology.
The partnership believes that the product is enhanced by ACI’s background in providing contactless and mobile payments solutions to retailers and financial institutions combined with Bell ID’s background in NFC lifecycle management software. It intends to provide over-the-air (OTA) lifecycle management of applications, cryptographic keys and secure elements on NFC enabled mobile devices. The platform can be implemented by organizations choosing to launch mobile payment systems or seeking to add Trusted Service Manager (TSM) capabilities to their offerings.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more