Responsible for the generation, issuance assignment and lifecycle management of temporary Personal Account Numbers (PANs), or payment tokens, the Rambus Token Service Provider (TSP), including technology from Bell ID, is a modular platform that combines tokenization with Host Card Emulation (HCE) to enable payment issuers and processors to perform a wide variety of roles in the payment process.
Watch this video to learn more about payment tokenization
Driven by NFC technology, the launch of various mobile payments platforms and a sharp increase in consumer demand, the contactless payments market is set to be worth $9.88 billion by 2018. Token service providers (TSP) play an important role in the adoption and roll out of secure mobile payments.
The Rambus Token Service Provider is a comprehensive software platform that offers many different solutions within the tokenized payment infrastructure. Some of the key capabilities featured in the platform include:
The Token Service Provider within a mobile payment ecosystem
Apple can be recognized as one of the pioneers of the mobile payments revolution. Its corporate history shows a clear ability to shape consumer demand and drive mass production. With the launch of Apple Pay, it has brought mobile contactless payments into the mainstream.