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.
Related reading
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
Dependence on manual accounting systems puts firms security and data at risk
Moving away from manual accounting and payroll systems to automated ones could prevent data and security issues, as firms have previously struggled ... read more
Merchants beating mobile payments providers at their own game
Mobile payments might be relatively new to America’s highly fragmented consumer market, but they’re catching like wildfire. In 2014, mobile payments accounted ... read more
Ingenico on Google POS and the the future of payments collaboration
I caught up with Guillaume Andre, Head of Marketing, Ingenico Northern Europe, to discuss the implications of a tech giant-payments provider collaboration-led future, and how Ingenico and Google might continue to innovate the POS system in the future.
