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.