Single platform allows banks to integrate with multiple payment
schemes quickly and easily, while enabling schemes to on-board banks
rapidly
ROTTERDAM, Netherlands--(BUSINESS WIRE)--
In response to the increasing complexity and fragmentation of the near
field communication (NFC) mobile payments ecosystem, Rambus Bell ID -
part of the Rambus Security Division - has launched Token Gateway.
Issuing banks can now manage tokenization
activity for the ‘OEM Pay' mobile wallets through a single software
platform. This significantly simplifies and consolidates integration
with the multiple token service providers (TSPs) operated by third
parties, like international and domestic payment schemes.
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Managing tokenization is complex and time consuming
"Managing the expanding tokenization infrastructure is a significant
challenge for issuers," comments Dr. Martin Scott, senior vice president
and general manager of the Rambus Security Division. "As mobile payments
roll out worldwide, banks are looking to give customers access to this
technology by supporting a range of mobile wallet platforms. To do this,
issuers need to connect to a number of the payment schemes' own
tokenization services, each with individual requirements, specifications
and interfaces. As well, specifications are updated regularly so banks
are required to constantly maintain their systems to stay connected to
the schemes; this takes time, investment and knowledge. With this
solution, we have simplified the process."
Simplifying tokenization management
With the Rambus Bell ID Token Gateway, banks can bypass integration
challenges utilizing one platform. The solution eases connectivity to
the schemes' tokenization services so issuers can centrally support and
manage the ‘OEM Pay' wallets for all their account holders. Rambus Bell
ID ensures that Token Gateway is aligned with the latest requirements
from the credit and debit schemes, ensuring banks are always up-to-date.
Existing token service providers can also use the platform to offer
gateway services to their bank clients, enabling a bank to interface
with other token service providers.
"Short-term, banks' integration projects and the schemes' on-boarding
processes just got quicker and simpler. Long-term, banks will not need
to coordinate the update process, making the lifecycle management of the
OEM Pays easier and cheaper," explains Dr. Scott.
A modular approach to tokenization
To accommodate the needs of individual banks, the software solution is
modular so it can be tailored to specific needs. In addition to a
lifecycle management module, which is fundamental to the platform, banks
can add a card asset module that allows the personalization and branding
of digital cards. Additionally, a token vault mirror can be added to
maintain a log of tokenized data in-house, allowing banks to check a
transaction without having to contact the relevant scheme TSP.
A complete mobile payments solution
The Rambus Bell ID Token Gateway solution is currently available and is
part of the broad suite of solutions for issuing banks, processors and
payment schemes to support mobile NFC payments. Fully compliant with the
latest mobile payment security standards, Rambus Bell ID supports
cloud-based solutions using host card emulation (HCE), EMVCo
tokenization, and trusted services management (TSM) for SIM-based
projects and for ‘OEM Pay' solutions that use an embedded secure element.
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About Rambus Bell ID
Banks, governments and enterprises worldwide rely on Rambus Bell
ID solutions to safely issue and manage credentials on many millions
of smartphones and connected devices. The Rambus Bell ID software
solutions integrate with any third party technology and simplify the
issuing complexities of payment, identity, loyalty and transit
applications. Whether it's EMV payments data stored on a chip card, in
an NFC-enabled mobile device or in the cloud leveraging HCE, Rambus Bell
ID has the expertise to manage the lifecycle of any application on any
form factor. These award-winning solutions meet the demanding
requirements of international standardization bodies and payment
networks.
About Rambus Inc.
Rambus creates innovative hardware and software technologies, driving
advancements from the data center to the mobile edge. Our chips,
customizable IP cores, architecture licenses, tools, services, software,
training and innovations improve the competitive advantage of our
customers. We collaborate with the industry, partnering with leading
ASIC and SoC designers, foundries, IP developers, EDA companies and
validation labs. Our products are integrated into tens of billions of
devices and systems, powering and securing diverse applications,
including Big Data, Internet of Things (IoT), mobile, consumer and media
platforms. At Rambus, we are makers of better. For more information,
visit rambus.com.
RMBSTN
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Source: Rambus Inc.
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