Rambus’ Bell ID has inked an agreement with First Data Poland to offer Cloud-based mobile payments as a service to Polish banks.
More specifically, Eurobank Poland has integrated Bell ID’s Secure Element (SE) in the Cloud software and First Data Poland’s data preparation, personalization and processing services into its mobile wallet application. Essentially, this allows Eurobank Poland to enable easy, secure mobile payments for more than one million customers via host card emulation (HCE) technology.
“This alliance with First Data makes life easy for banks,” said Bell ID CEO David Orme. “Our two platforms are fully integrated, enabling issuers to launch cloud-based mobile payments quickly and cost effectively. Mobile payments are at the heart of many banks’ strategies and it’s great to see the full-scale roll out of Eurobank’s mobile wallet, especially as contactless is booming in Poland.”
According to Bell ID’s André Stoorvogel, the company’s Cloud-based mobile payments software platform allows consumers to make contactless payments with Android mobile devices using near field communication (NFC).
“It safely manages keys, certifies credentials in a remote environment and protects the assets in the mobile device – providing application issuers with the independence and control to manage credentials without the need for third-party involvement,” he said. “Meanwhile, the First Data platform offers customers data preparation and transaction processing, which is integrated seamlessly with the HCE solution provided by Bell ID.”
As Stoorvogel notes, Bell ID SE in the Cloud is fully compliant with the latest mobile payment security standards and supports advanced risk management, giving banks and customers confidence that their money and sensitive data is safe.
“Bell ID’s full suite of mobile solutions supports cloud-based solutions using HCE, EMVCo tokenization, trusted services management (TSM) for SIM-based projects and for OEM Pay solutions that use an embedded secure element,” he added.
Interested in learning more about launching and managing mobile payments across multiple platforms? Download our brief on HCE: