Press Releases

Secures account-to-account transactions by removing sensitive information from the transaction process

SUNNYVALE, Calif. – May 9, 2018 – Rambus Inc. (NASDAQ: RMBS) today announced the launch of its Payment Account Tokenization solution to secure account-based transactions, such as automated clearing house (ACH) and real-time payments. The solution will enable central banks and clearing houses to replace sensitive account numbers with unique tokens and reduce the impact of fraud for transactions including direct credit, direct debit and person-to-person (P2P) payments.

Reduce account fraud through tokenization
Payment Account Tokenization secures account-based payments by replacing the valuable account credentials with a cryptographic token. This process significantly reduces the risk and impact of account-based fraud as the foundation of a safe and secure instant payments framework. When implemented by a centralized body, like a central bank, Payment Account Tokenization reduces fraud and enables key use cases like P2P, direct credit, and push payments in real-time.

“Tokenization has already been proven successful in securing mobile payments worldwide.  Our Payment Account Tokenization does the same for real-time payments, enabling account-based transactions to be processed faster and safer than ever before,” said Bret Sewell, SVP and general manager of the Rambus Security Division.

451 Research principal analyst, Jordan McKee notes, “Digital has paved the way for fast and easy payment experiences, prompting a rise in account-based transactions. Fraudsters have made note of this trend and are increasing their focus on account credentials given their growing disbursement across many locations, including e-commerce websites, mobile and P2P wallets, invoices and payroll. To protect customers and thwart fraudulent attacks, businesses must implement security tactics that serve to eliminate the use of sensitive credentials in the transaction flow.”

Managing account data, faster and safer
The introduction of real-time payments increases risk for financial institutions, as they now have seconds instead of days to identify fraudulent transactions. By removing account numbers from the transaction process completely, tokenization can significantly reduce the risk and impact of account-based fraud and create secure real-time payments frameworks.

Key features of Rambus Payment Account Tokenization
The Payment Account Tokenization solution consists of a number of primary features, including:

• Account-based tokenization eliminates the need to store and transmit sensitive account information, alleviating the risk of stolen credentials being used to commit transactional fraud. The system integrates with existing infrastructure and tokens route normally through the payment network.
• Life cycle management enables banks to link, suspend, (re)activate or unlink tokenized bank account numbers.
• Domain controls limit token usage to a specific channel, merchant or spending limit by applying a set of parameters. Any use of the intercepted token outside of its set parameters would immediately flag as fraudulent and render the token useless.
• Cryptogram protection generates application cryptograms prior to a payment and validates them during a transaction. A cryptogram is a fingerprint of the transaction, holding elements of the originator, recipient, financial institution and the transaction.
• A token vault is a secured repository, or database, that establishes and maintains the payment token to Sending/Receiving Account number mapping. The token vault is the only area in which the token can be mapped back to the consumer’s original card details. All token vaults comply with Payment Card Industry (PCI) specifications. 

For more information on the Rambus Payment Account Tokenization solution, visit rambus.com/pat.

SUNNYVALE, Calif. – Oct. 17, 2017 – Rambus Inc. (NASDAQ: RMBS) today announced it 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.

“With millions of eftpos-only debit cards distributed across Australia by its members, eftpos is the country’s most popular debit payment method,” said Chakib Bouda, CTO of the Rambus Payments Division. “This partnership allows more than a million consumers to enjoy secure mobile payments using Apple Pay, leveraging our proven EMV tokenization software for trusted transactions.”

The Rambus TSP technology replaces traditional primary account numbers (PAN) with unique identifiers called payment tokens. By integrating the Rambus tokenization software, participating eftpos members can use eftpos debit cards with Apple Pay for increased protection.

“Our partnership with Rambus gives us the ability to accelerate our secure mobile payments strategy and support Apple Pay,” said eftpos Acting CEO, Paul Jennings. “We are excited to move from our traditional card based payment method into mobile, offering our members in Australia the opportunity to benefit from the convenience and security of Apple Pay.”

Security and privacy are at the core of Apple Pay. When customers use eftpos debit cards with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

For more information on Apple Pay, visit apple.com/apple-pay.

For more information on Rambus mobile payment solutions, visit rambus.com/payments.

Provider of tokenization software helps secure mobile payments for Interac debit card users

SUNNYVALE, CA, June 5, 2017 – Today Rambus Inc. (NASDAQ: RMBS) announced that it is working with Google and Interac Association / Acxsys Corporation, the organizations behind Canada’s leading payment brand, to enable Interac^® Debit on Android Pay in Canada. Through the Interac Token Service Provider (TSP), which was developed in collaboration with Rambus, Interac debit cardholders can make secure mobile debit payments, now using Android Pay, through tokenized transactions.

“We’re excited to bring the simplicity and security of mobile payments to Interac Debit customers with Android Pay,” said Pali Bhat, vice president of Payment Products, Google. “Starting today, people will be able to use their Android device to pay at hundreds of thousands of contactless payment terminals in Canada.”

Beyond ease of use, Android Pay is more secure because it doesn’t share credit or debit card number with the merchant when consumers pay in stores, but uses a virtual account number to represent the card. Additionally, if the phone is ever lost or stolen, consumers can simply use Google’s Find My Device feature to instantly lock the device, secure it with a new password, or wipe it clean of their personal information.

“Interac Debit is one of the most popular payment methods in Canada,” said Chakib Bouda, CTO of the Rambus Payments Division. “Our collaboration on the TSP will allow millions of consumers to enjoy secure mobile payments using Android Pay in Canada.”

“We’re excited to bring Interac Debit on Android Pay to Canada,” said Debbie Gamble, VP, Digital Product and Platforms, Interac Association and Acxsys Corporation. “The launch of Android Pay is another example of how we are working to accelerate the growth of digital payment experiences in Canada through secure, tokenized digital debit transactions. Such accomplishments are the result of innovative technologies and strong partnerships, including our collaboration with Rambus.”

For more information on Rambus mobile payment solutions, visit rambus.com/mobile-payments.

About Rambus Security
Rambus Security is dedicated to providing a secure foundation for a connected world.  Our innovative solutions span areas including tamper resistance, network security, mobile payment, smart ticketing and trusted transaction services. Rambus foundational technologies protect nearly nine billion licensed products annually, providing secure access to data and creating an economy of digital trust between our customers and their customer base. Additional information is available at rambus.com/security.

About Rambus Inc.
Rambus creates innovative hardware and software technologies, driving advancements from the data center to the mobile edge. Our chips, customizable IP cores, architecture licenses, tools, software, services, training and innovations improve the competitive advantage of our customers. We collaborate with the industry, partnering with leading ASIC and SoC designers, foundries, IP developers, EDA companies and validation labs. Our products are integrated into tens of billions of devices and systems, powering and securing diverse applications, including Big Data, Internet of Things (IoT), mobile payments, and smart ticketing. At Rambus, we are makers of better. For more information, visit rambus.com.

Allows retailers to digitize credit cards, gift cards, loyalty points and coupons into a secure retail wallet for a seamless shopping experience

SUNNYVALE, CA, February 27, 2017 – Today Rambus Inc. (NASDAQ: RMBS) announced a comprehensive mobile payments platform to enhance payment security, reduce operational costs and increase revenue for retailers. The Rambus Unified Payment Platform securely converts and manages digital value to enable consumers to pay with credit, points and coupons in a single transaction, and transform how they shop and pay.

“Our Unified Payment Platform is based on a bank-proven foundation from our Bell ID acquisition, utilizing tokenization and card provisioning technology that is in use among the largest banks and payment networks worldwide,” said Dr. Ron Black, president and CEO of Rambus. “Our new platform extends this offering to the retailer, enabling them to incorporate payments and manage digital currencies inside a single app to realize an enhanced frictionless shopping experience.”

Overview of Rambus Unified Payment Platform

The Unified Payment Platform consists of these primary components: 1) the Digital Value Manager, 2) Retail Wallet Engine, 3) a white-label retail app and 4) optional modules to support credit/debit cards, gift cards, loyalty points and coupons.

1. The Digital Value Manager – the core of the Unified Payment Platform – allows retailers to connect multiple third-party service providers and convert various forms of digital value into a unified “currency” that can be managed in a value store.
2. The secure Retail Wallet Engine software enables full integration with mobile payment products, including a white label app, and features digital card enrollment, card provisioning and tokenization. The Retail Wallet Engine can be upgraded to include integration with Virtual Point of Sale (VPOS) capabilities and inventory management to enable one-click pay and auto-pay creating a truly frictionless consumer experience.
3. The white-label app software allows retailers to get their branded app quickly to market. The app can be fully integrated with a suite of products, providing consumers with all-in-one access to the retailer’s unified digital wallet and value-added services.
4. Customizable modules that provide retailers and merchant acquirers the ability to securely connect to third-party services, convert different types of digital value to a unified currency, and manage gift card, loyalty and coupon services in-house.

• A credit/debit card module that enables retailers to add a credit or debit card and using tokenization for secure access to digitize physical cards into a single wallet.
• A gift card module that allows consumers to add or purchase gift cards, redeem gift cards, reload, provide balance inquiry or transfer gift card values.
• A loyalty module that tracks new and existing loyalty cards, adds points on purchase, supports payment with points and adds bonus points to incentivize users to buy or select products.
• A coupon module that adds and redeems coupons, which enables retailers to push coupons to consumers in store or in virtual carts.

Enabling a Frictionless Shopping Experience

The Unified Payment Platform provides retailers with enhanced security, reduced cost and increased revenue. By using tokenization, the risk of card on file fraud is reduced by replacing key account information with temporary data. The Retail Wallet Engine enables in-aisle check-out options to lower overhead costs and reduce the number of POS terminals. The platform also helps increase revenue by allowing retailers to more easily engage in cross- or up-sell opportunities with integrated loyalty points and coupons. In addition, this facilitates direct access to detailed shopping data, allowing retailers, banks and merchant acquirers to offer a personalized shopping experience and more effectively compete in a crowded marketplace.

For consumers, the platform provides an effortless experience by unifying multiple units of value—including credit/debit, gift cards, loyalty points and coupons—into a single mobile app, along with digitized receipts and transaction history of purchases. 

For more information about our Unified Payment Platform, please visit www.rambus.com/unifiedpayment.