Mobile Security

Securing Savings Banks mobile payment pilot

G+D Mobile Security Enables the German Savings Banks Finance Group to Provide Mobile Payment for their member banks

G+D Mobile Security is supporting the launch of a pilot scheme for a mobile payment solution for the German Savings Bank Finance Group. The two-month pilot began in September 2017 and it enables personnel at the banks to make payments with MasterCard credit products.

Via a smart phone wallet app, pilot users in the Savings Banks connect their registered and authenticated credit card via the MasterCard tokenization service using G+D Mobile Security’s Convego CloudPay service. Once up and running, users are ready to make mobile payments at any contactless POS terminal that supports MasterCard.

A full roll-out is expected some time in 2018.

Click here for the full press release.