
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.
Whitepapers
Related reading
5 ways blockchain can change the cross-border payments landscape
Cross-border payments is a changing sector of the industry, driven by customers demanding little to no friction and encountering multiple steps, intermediaries ... read more
The SME technology revolution | video
The UK is home to 5.4m micro SMEs that have fewer than nine employees, according to the House of Commons library. They ... read more
JP Morgan blockchain network showcases banks’ DLT progress
JP Morgan’s expansion of its blockchain-based interbank payments project signals that major banks are stealing a march on disruptors and startups by ... read more
Security a priority for EU’s INATBA blockchain taskforce
The European Commission’s new blockchain initiative, the International Association for Trusted Blockchain Applications (INATBA), should focus on quashing extant security concerns around ... read more