From coin to cash to credit card, the way we pay has gone through many transformations throughout history. Today we are at the precipice of another exciting shift from physical to digital and beyond, with new technologies changing the very way we think about card- and account-based transactions. Card payments are transitioning from chip-and-PIN credit cards, to contactless mobile payments with biometric authentication, to in-app check-out with mixed payments and real-time redemption of loyalty. Account-to-account transactions are moving to real-time, with payments being processed in a matter of seconds versus days.
See how Rambus envisions the future of payments.
With the growing number of payment schemes, OEM Pay solutions and mobile wallets, integrating secure mobile payments services into your products can be expensive and time consuming. Interoperability requirements differ for each of the schemes and update frequently as new security measures and features come into play, making it a challenge to roll out and maintain mobile payments to end users.
Our family of mobile payment solutions provides a simple and smooth integration path by providing a single software platform to connect to multiple payment schemes and OEM-pay solutions. Our software is flexible and modular, enabling customers to implement in phases – starting with a basic data preparation platform and expanding all the way to becoming a full TSP. In addition, our Mobile Payments products are fully aligned with global requirements and are certified by Visa, MasterCard and American Express.
For banks and other financial card issuers that are considering issuing their payment products onto mobile near filed communication (NFC) phones, Rambus offers a robust and proven software platform to issue and manage both EMV chip cards and NFC enhanced mobile phones side by side.
Rambus provides financial institutions with complex lifecycle management capabilities for issued smart cards and NFC mobile phones along with multi-applications. Its solutions enable issuers to manage and control any EMV token, such as contact and contactless cards as well as applications on near field communication (NFC) enabled mobile phones. Due to this flexibility, our solutions can be implemented in phases. Banks can start with a basic data preparation platform and expand it to include multi-application management, for example, EMV scripting and instant issuance when required.