Gemalto, the world leader in digital security, joins forces with Samsung to accelerate the deployment of Samsung Pay through Gemalto’s Allynis Trusted Service Hub (TSH). Gemalto’s Allynis TSH is a one-stop connection that offers payment issuers an accelerated path to launch mobile payment services, integrating streamlined user enrollment, service installation and lifecycle management of payment credentials or tokenization services.
„Onboarding for payment issuers is significantly simplified, without the need for massive new IT investments and rapidly offering a frictionless user experience across the full range of handset security models.”, according to a press release.
Samsung Pay on the new Galaxy handsets benefits from a dedicated embedded secure element for storing sensitive credentials, while theAllynis TSH ensures that payment issuers can benefit from the maximum flexibility for future roadmaps.
„We are excited to work with Gemalto as they offer Gemalto’s hub services worldwide that offer a secure payment card digitization solution to Samsung Pay,” said Injong Rhee, EVP of Samsung Electronics, global head of B2B Solutions. „With Gemalto’s technologies, Samsung Pay will be able to deliver a simple, secure and everywhere mobile payment experience to more consumers.”
„Our role is to support our payment issuer customers and Samsung to accelerate bringing Samsung Pay to consumers, by bringing the most robust technology and connection services to the game. Our track record of serving banks and handling sensitive data, as well as our understanding of security management on mobile handsets are of critical importance for them,” says Teck-Lee Tan, Executive VP of Platforms and Services at Gemalto. „We have built our solution to take the technical complexity out of the equation for payment issuers, and we are ready to address our customers’ pain points around user enrolment and eco-system fragmentation.”
Samsung Pay is a simple and secure mobile payment service that will provide wider acceptance with NFC and MST (Magnetic Secure Transmission) working in most of merchant locations. Gemalto and Samsung are actively working with payment issuers to roll out Samsung Pay to Europe.
The mobile payment service’s debut of Samsung Pay was last month in South Korea. The handset giant has yet to announce any definite launch dates for Samsung Pay beyond the US (28 September). Samsung said it will launch in the UK, Spain and China but has not released firm dates.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
