Secure Digital Payment Solutions Support Mastercard and Visa Tokenization Services

14th February 2017

Secure Digital Payment Solutions Support Mastercard and Visa Tokenization Services

Mastercard and Visa have introduced token services that enable, for example, issuing banks to promote their offerings in various mobile wallets.

As digitalization has leapt forward with rapid pace, making sure digital payments are secure has become an urgent requirement. As a result, both Mastercard and Visa have introduced token services that enable, for example, issuing banks to promote their offerings in various mobile wallets.

Mastercard Digital Enablement Service (MDES) and Visa Token Service (VTS) are based on high‐security technology, which means that instead of simply relying on the usual cardholder information of account number and card expiry date, each payment transaction comes with a unique digital token, or identification code. This means that tokenization conceals confidential account information during the transaction process and increases the security of digital payments for consumers everywhere.

The integration between G+D Mobile Security and the Mastercard and Visa tokenization services extends our leadership as a provider of secure digital payment solutions.

– Stefan Auerbach

Stefan Auerbach, member of the G+D Mobile Security management board, is delighted with the ongoing partnerships with Mastercard and Visa. “The integration between G+D Mobile Security and the Mastercard and Visa tokenization services extends our leadership as a provider of secure digital payment solutions,” Auerbach said.

Key is the Convego Hub solution, which, Auerbach explained, “offers seamless access to secure mobile payment services to Mastercard and Visa issuers, and gives manufacturers of wearables, mobile devices and other wallet providers secure and flexible payment functionality.”

Convego Hub solution on the one side acts as a token requestor towards MDES and VTS, and provides provisioning and life‐cycle management services for payment applications – for example, to issuer wallets based on HCE‐ (Host Card Emulation) enabled mobile devices. At the same time, Convego Hub helps issuers to join third‐party wallets enabled by device manufacturers, wearable providers and IoT companies.

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