eftpos, the Australian domestic debit network, is now using Rambus Token Service Provider (TSP) technology to securely digitize payment cards to support Android Pay. Put simply, tokenization replaces sensitive financial information with unique reference numbers to minimize the risk of fraud. To tokenize a payment transaction, the primary account number (PAN) is sent to a “token vault,” a centralized and highly secure server stored in a PCI-compliant environment provided by the payment network.
“With more than 40 million debit cards distributed across Australia, eftpos is one of the most popular payment methods,” said Bret Sewell, SVP and general manager, Rambus Security division. “This collaboration with eftpos enables millions of consumers the opportunity to enjoy secure mobile payments using Android Pay, leveraging our proven Host Card Emulation (HCE) and EMV tokenization software for truly trusted transactions.”
Android Pay and eftpos
Android Pay enables eftpos cardholders from participating banks and credit unions to use their Android smartphones for everyday purchases, both in-store and within Android apps. Essentially, Android Pay allows Android users to seamlessly tap and pay with their phones at payments terminals across Australia. To use Android Pay, consumers first download the Android Pay app from the Google Play Store and add their eftpos card. They are then good to go.
“We’re excited to bring the simplicity and security of mobile payments to eftpos users with Android Pay,” said Pali Bhat, vice president of product management, Payments, Google. “Using Android Pay is more secure — and much faster — than rummaging through your wallet for a plastic card. People with an Android device can pay at almost 800,000 contactless payment terminals in Australia.”
eftpos acting CEO Paul Jennings expressed similar sentiments.
“We are thrilled to be one of the first domestic networks in the world to offer tokenization services and support Android Pay,” said eftpos acting CEO, Paul Jennings. “This will bring the convenience of secure, in store mobile payments to many Australians for the first time. We are excited to be working with Rambus, to provide customers with access to their own money via Android Pay at the shops.”
Rambus Token Service Provider
The Rambus Token Service Provider is a comprehensive software platform that offers a range of solutions within the tokenized payment infrastructure. Key capabilities include:
Tokenization Management – reduces fraud by removing confidential consumer card data from the payment network and replacing it with unique tokens. This includes tokenization of primary account numbers (PAN), token vault, de-tokenization, domain management, clearing and settlement support, as well as identification and verification support.
Host Card Emulation (HCE) – emulates the functionality of a physical secure element (SE) in the cloud for use with Near Field Communication (NFC) transactions, compliant with specifications of major payment networks featuring a plug-in for mobile wallets.
Transaction Management – enables issuers to perform transactions by calculating cryptogram version numbers (CVNs) on behalf of the authorization host. It includes cryptogram validation, assurance level validation, PAN processing and messaging.
Trusted Service Manager – issues contactless payment cards and provisions static card data and dynamic key material to a physical SE on a mobile device.
For additional information about our mobile payment solutions, please visit rambus.com/mobile-payments.