Mobile payments firm Rambus has teamed up with Eftpos, the Australian domestic debit network, to help support transactions with Apple Pay for users in Australia. Through integration with Rambus’ token service provider (TSP) technology, the firm says Eftpos is able to support Apple Pay.
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Rambus, eftpos Team Up in Australia to Support Apple Pay
Rambus Inc. (NASDAQ: RMBS) has teamed up with eftpos, the Australian domestic debit network, to help support secure transactions with Apple Pay for users in Australia. Through integration with the Rambus Token Service Provider (TSP) technology, eftpos is able to support Apple Pay, the easy, secure and private way to pay. By utilizing tokenization, this TSP technology replaces sensitive information with unique reference numbers and is more secure than traditional plastic cards.
Rambus CTO On Tokenization, Part Deux
Tokens are nothing new. PCI tokens, encrypted card credentials held in vaults by processors, have been part of payments for years.
But version 2.0 of the EMVCo’s Payment Tokenization Specification, announced last month, is out to change that. Call it an upgrade, perhaps, as it focuses on eCommerce and is geared toward reducing fraud associated with primary account numbers (PANs), Rambus’ CTO Chakib Bouda explained in the latest Topic TBD.
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