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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 […]
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 […]
We believe that the driving force behind mobile adoption is consumer experience. The Rambus Unified Payment Platform enables merchants to integrate multiple forms of interactions with consumers to create a robust and powerful user experience. What is the Rambus Unified Payment Platform? The Rambus Unified Payment Platform is a comprehensive solution for retailers, merchant acquirers and […]
David Worthington, VP of Business Development at Rambus Technical body EMVCo launched version two of its EMV® Payment Tokenization Specification – Technical Framework in September. The market has evolved rapidly since v1.0 was launched in 2014 – to address the needs of digital payments including eCommerce, and minimize the fraud risk associated to an exposure […]
EMV Payment Tokenization Specification – Technical Framework EMVCo has published version two of its EMV Payment Tokenization Specification. The technical framework document – which can be downloaded here – addresses the adoption of payment token use cases in e-commerce beyond existing card-on-file and explores how payment tokens can be controlled within a single payments channel. […]
Rambus Payments CTO Chakib Bouda recently sat down with Pymnts.com to discuss the future of mobile wallets. According to Bouda, brick-and-mortar retailers are now seriously rethinking their approach to remaining competitive in the digital age as mobile and online eCommerce channels continue to consume a larger portion of consumer spend. “[Retailers are] seeing it not […]
A new report published by Research and Markets predicts the global tokenization market will hit $2.25 billion by 2020 with a Compound Annual Growth Rate (CAGR) of 22.4%. “The constant pressure of managing sensitive data of consumers, along with the need to manage stringent compliances, has led enterprises of all sizes to adopt tokenization solutions […]
The retail landscape is evolving rapidly as emerging technologies and trends are changing expectations of the in-store experience. As retailers look to find their place in this brave new world, many are now seeing payments as an opportunity. With 92% of US retailers expecting to maintain or increase investment in payments over the next 12-18 […]
Rambus has been chosen as a partner to participate in Visa’s token service provider program (TSP). According to Visa, broader access to new standards such as tokenization are set to be in growing demand as the payments industry shifts from plastic to digital. As Jim McCarthy, Visa’s executive vice president of innovation and strategic partnerships, […]
Rambus has confirmed that it is working with Google and Interac Association / Acxsys Corporation (Interac), the organizations behind Canada’s leading payment brand, to enable Interac Debit on Android Pay in Canada. With the Interac Token Service Provider (TSP), which was developed in collaboration with Rambus, Interac Debit customers can make secure mobile debit payments, […]