Datacard announces strategic partnership with DeviceFidelity
The partnership will enable Datacard Group to offer DeviceFidelity's In2Pay suite of solutions which use microSD technology to transform smartphones into interactive contactless mobile payment devices.
Banktech India News Network, 2/6/2012 11:43:25 PM
Secure ID and card personalization solutions provider Datacard
Group has announced an equity investment and strategic partnership
with DeviceFidelity a company that develops Near Field
Communications (NFC) based plug-and-play technologies, services and
payment applications for mobile devices worldwide.
This partnership is said to enable Datacard Group to offer
DeviceFidelity's In2Pay suite of solutions which use microSD
technology to transform smartphones into interactive contactless
mobile payment devices. According to a release issued by
Datacard, financial institutions and wireless carriers will now be
able to easily issue consumers a credit, debit, prepaid or
multi-account mobile wallet that can be used at contactless
point-of-sale terminals.
DeviceFidelity's patented In2Pay solution includes microSD
cards, as well as the iCaisse—which is a microSD-enabled
protective case for iPhones—that enable issuers to offer a
variety of mobile payment solutions, giving consumers the
flexibility to use their existing smartphone without having to
change mobile phone providers or upgrade the device. The technology
also fits with advanced multi-partner wallet programs that have a
trusted service manager (TSM) infrastructure, and can be deployed
independently from handset makers and telecom operators. In
addition, it is fully compliant with payment networks - making it
market ready and easy to deploy.
"This partnership effectively expands on Datacard Group's
integrated Secure Issuance Anywhere platform, which provides our
customers the freedom to manage programs exactly the way they want.
And, as NFC technology continues to be adopted throughout the
world, financial institutions will have a great opportunity to
capitalize on this by easily complementing their card programs
without having to make major infrastructure changes to their
existing processes. This enables continuity and consistency between
issuing traditional plastic cards and new NFC-enabled
applications,” said Russell St. John, senior vice president
of global marketing for Datacard Group.
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