Provider of tokenization software helps secure mobile payments for
Interac debit card users
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Today Rambus
Inc. (NASDAQ:RMBS) announced that it is working with Google and
Interac Association / Acxsys Corporation, the organizations behind
Canada's leading payment brand, to enable Interac®
Debit on Android Pay in Canada. Through the Interac Token
Service Provider (TSP), which was developed in collaboration with Rambus,
Interac debit cardholders can make secure mobile debit payments,
now using Android Pay, through tokenized transactions.
"We're excited to bring the simplicity and security of mobile payments
to Interac Debit customers with Android Pay," said Pali Bhat,
vice president of Payment Products, Google. "Starting today, people will
be able to use their Android device to pay at hundreds of thousands of
contactless payment terminals in Canada."
Beyond ease of use, Android Pay is more secure because it doesn't share
credit or debit card number with the merchant when consumers pay in
stores, but uses a virtual account number to represent the card.
Additionally, if the phone is ever lost or stolen, consumers can simply
use Google's Find My Device feature to instantly lock the device, secure
it with a new password, or wipe it clean of their personal information.
"Interac Debit is one of the most popular payment methods in
Canada," said Chakib Bouda, CTO of the Rambus Payments Division. "Our
collaboration on the TSP will allow millions of consumers to enjoy
secure mobile payments using Android Pay in Canada."
"We're excited to bring Interac Debit on Android Pay to Canada,"
said Debbie Gamble, VP, Digital Product and Platforms, Interac
Association and Acxsys Corporation. "The launch of Android Pay is
another example of how we are working to accelerate the growth of
digital payment experiences in Canada through secure, tokenized digital
debit transactions. Such accomplishments are the result of innovative
technologies and strong partnerships, including our collaboration with
Rambus."
For more information on Rambus mobile payment solutions, visit rambus.com/mobile-payments.
About Rambus Security
Rambus Security is dedicated to providing a secure foundation for a
connected world. Our innovative solutions span areas including tamper
resistance, network security, mobile payment, smart ticketing
and trusted transaction services. Rambus foundational technologies
protect nearly nine billion licensed products annually, providing secure
access to data and creating an economy of digital trust between our
customers and their customer base. Additional information is
available at rambus.com/security.
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, software, services,
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 payments, and smart
ticketing. At Rambus, we are makers of better. For more information,
visit rambus.com.
#RMBSTN
Interac and the Interac logo are trade-marks of Interac Inc. Used
under license.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170605005297/en/
Shift Communications
Leslie Clavin, 415-591-8400
rambus@shiftcomm.com
Source: Rambus Inc.
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