Cardtek, DC Payments Partner to Introduce Mobile Payment Solution
Cardtek, a leading payment technologies provider, will launch MSM, a secure mobile payments platform, in partnership with DC Payments, a full-service provider of payment processing and ATM managed solutions.
This contactless payments solution, integrated with leading open wallets, enables Canadian residents to make debit expenditures from a mobile phone without presenting a bank payment card and will be available by the end of the year.
This marks the first time Cardtek has integrated leading open wallet options into its products and will allow DC Payments to offer secure contactless payment services to its financial institution clients.
Cardtek’s MSM solution is integrated into DC Payments card management ecosystem as a gateway connecting issuers, DC Payments and a variety of Tokenization Service Providers (TSP), beginning with Interac, Canada’s leading payments brand. MSM enables advanced card credential management services including deployment and life cycle management – tuned for the major digital wallets available in the market.
“We are extremely pleased to use MSM as the foundation of our comprehensive digital credential enablement platform, ‘DC Mobile.’ MSM is designed to meet today’s technology demands, while providing a broad based platform for an expanding set of future digital credentials. These credentials will be used for highly secure contactless payments through point of sale terminals, and support the new breed of in-app and secure ecommerce payments,” said Adel Elassal, managing director Americas, DC Payments. “Critically, the MSM allows our financial institution clients to engage in this new range of payment channels without the enormous in-house investment typically required. We provide a wide range of proxy services, like one-time password management, an advanced issuer-controlled risk management engine, and real time access to credential data housed in the MSM vault.”
“We have great confidence that this partnership will bring new opportunities and benefits to DC Payments customers,” said Emilian Elefteratos, Cardtek EVP sales & marketing for North America. “Utilizing our industry foresight and technical expertise, Cardtek continues to offer a dynamic competitive edge to our customers and partners.”