Supporting commercial launches of mobile contactless payment programmes
First Data, a provider of electronic commerce and payment processing, has achieved Discover qualification of the First Data Trusted Management (TSM) solution, reports Finextra. This will assist First Data in its effort to support commercial launches of mobile contactless payment programmes, according to security requirements for the Discover Zip application. In addition, the qualification will enable First Data to support financial institutions in the deployment of their NFC services on mobile devices. The TSM is designed as a managed service model that allows account issuers such as financial intuitions to integrate once. The solution incorporates a single interface that gives financial institutions access to most NFC-enabled mobile wallets. It also aims to simplify their entry into m-payments, while allowing them to provide their customers the experience they expect regardless of the selected wallet.
“The Discover qualification is another important milestone for the First Data TSM solution, which is still the only commercially launched program at scale,” said Dom Morea, SVP and division manager, Advanced Solutions and Innovation at First Data. “Because First Data issuing clients are pre-integrated to our TSM, financial institutions can manage a relationship with one TSM rather than with numerous mobile network operators and mobile wallet owners. Our Secure Element (SE) owner neutral model also has the ability to securely provision financial institutions’ accounts to a variety of SE destinations.”
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