Ready for Global Mobile Payments Business

Our production environment is PCI DSS certified, and our technology solution is TR (Token Requestor) and I (Issuer) TSP Visa/Mastercard ready for provisioning and personalization of digital card accounts directly in clients own mobile wallet apps.    

 

In-store, Online and In-App Transactions

Our HCE SWIM MAP cloud TSP platform enables any app on most types of smartphones to perform payment transactions with Near Field Communication (NFC), Host Card Emulation (HCE), or barcode at the point of sale. We also power In-App purchases and online transactions with EMV tokenisation credentials together with digital identities (SWIM IDs) providing Strong Customer Authentication (SCA).

  

 

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Visa and Mastercard Digital Card Accounts

HCE (host card emulation) technology secures payments and other digital card accounts in the mobile app connected to our cloud HCE SWIM MAP tokenisation service. There is no need for a “secure element” hardware device inside the mobile phone! Supported by Visa and MasterCard, HCE allows consumer mobile payments at physical merchants using NFC and technologies, such as QR Code and Bar Code, while still retaining the highly desirable “card present” transaction status.

As a Token Service Provider (TSP) we work with all card and network types including Visa/Mastercard credit and debit, private label, and prepaid cards. Our TSP is compatible with EMVCo and integrated with HCE Visa and MasterCard tokenisation platforms (namely, VTS and MDES). Additionally, our TSP is functionally rich to provide proprietary in-house card tokenisation for our clients.

E-cash Blockchains

Our TSP platform can tokenise all types of proprietary E-cash Accounts that protect privacy and prevent fraud in mobile payment transactions. It enables legacy authorisation systems to accept E-cash digital card accounts data. We offer digital wallet currency capability on a private blockchain platform for making secure, zero-cost payments around the world for individuals and businesses. We can also provide mobile wallet apps that allow your end user customers to send and receive money worldwide in multi-currency.

UPI Peer-to-Peer Bank Payments

Our TSP platform provides peer-to-peer bank account payments and open banking APIs (Application Program Interface) within smartphones which integrate with CBS (Core Banking System) and CMS (Card Management System). Making peer-to-peer account payments, adding accounts, applying for loans, inquiring transactions, making inter-bank, intra-bank and third-party payments are just some business functions that can now be provided by banks.

SWIM ID Strong Customer Authentication Infrastructure

Strong Customer Authentication (SCA) with dual or multiple factor authentication is the foremost defensive measure that banks and merchants can implement to protect their customers.  They also consider customer experience as the most important criterion for implementing payment transaction. They are introducing strong (multi-factor) customer authentication methods for remote frictionless payment experience to convert consumer visits into sales.

 

Cards, still the most widely supported payment method, are either used directly (card data entry by the consumer) or the card data are retrieved from a secure storage and used in tokenized form. Merchant solutions today arecard on file” where the merchant or its PSP for returning customers stores card data. Banks and merchants are also considering digital wallets where card data is tokenized and stored in a “container” app such as HCE Wallet with strong two-factor authentication. Third-party wallets such as the “Pays” (Apple Pay, Android Pay, Samsung Pay) are also being used by them.

 

The PSD2 applies to electronic payments initiated by the payer such as credit transfers or card payments. Banks, e-money providers, and payment institutions in Europe are required fro 2018 to apply SCA for all electronic payments initiated by the payer, unless the payment qualifies as low risk. Hardware tokens don’t fit well with mobile customers and hence the market is moving to soft tokens over time. Our HCE Wallet App provides the following security measures:

 

·       Device Identity utilizes a combination of identifiable hardware and software attributes associated with a mobile device to provide a unique fingerprint associated with each deviceThe technology is completely transparent to end users, so it does not insert any friction into the customer experience.

 

·       Credentials exist such as a username and password are secured in soft tokens which cannot be easily copied or spoofed.

 

·       Out-of-band authentication uses a communication mechanism that is not directly associated with the device being used to access the banking application or m-commerce site in order to facilitate a second mode of communication.      The one-time password (OTP) can be sent via email, SMS, or mobile app-push.