Rambus Bell ID Simplifies Tokenization Management for Banks
October 19 2016 - 8:00AM
Business Wire
Single platform allows banks to integrate with
multiple payment schemes quickly and easily, while enabling schemes
to on-board banks rapidly
In response to the increasing complexity and fragmentation of
the near field communication (NFC) mobile payments ecosystem,
Rambus Bell ID – part of the Rambus Security Division – has
launched Token Gateway. Issuing banks can now manage tokenization
activity for the ‘OEM Pay’ mobile wallets through a single software
platform. This significantly simplifies and consolidates
integration with the multiple token service providers (TSPs)
operated by third parties, like international and domestic payment
schemes.
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Managing tokenization is complex and time consuming
“Managing the expanding tokenization infrastructure is a
significant challenge for issuers,” comments Dr. Martin Scott,
senior vice president and general manager of the Rambus Security
Division. “As mobile payments roll out worldwide, banks are looking
to give customers access to this technology by supporting a range
of mobile wallet platforms. To do this, issuers need to connect to
a number of the payment schemes’ own tokenization services, each
with individual requirements, specifications and interfaces. As
well, specifications are updated regularly so banks are required to
constantly maintain their systems to stay connected to the schemes;
this takes time, investment and knowledge. With this solution, we
have simplified the process.”
Simplifying tokenization management
With the Rambus Bell ID Token Gateway, banks can bypass
integration challenges utilizing one platform. The solution eases
connectivity to the schemes’ tokenization services so issuers can
centrally support and manage the ‘OEM Pay’ wallets for all their
account holders. Rambus Bell ID ensures that Token Gateway is
aligned with the latest requirements from the credit and debit
schemes, ensuring banks are always up-to-date. Existing token
service providers can also use the platform to offer gateway
services to their bank clients, enabling a bank to interface with
other token service providers.
“Short-term, banks’ integration projects and the schemes’
on-boarding processes just got quicker and simpler. Long-term,
banks will not need to coordinate the update process, making the
lifecycle management of the OEM Pays easier and cheaper,” explains
Dr. Scott.
A modular approach to tokenization
To accommodate the needs of individual banks, the software
solution is modular so it can be tailored to specific needs. In
addition to a lifecycle management module, which is fundamental to
the platform, banks can add a card asset module that allows the
personalization and branding of digital cards. Additionally, a
token vault mirror can be added to maintain a log of tokenized data
in-house, allowing banks to check a transaction without having to
contact the relevant scheme TSP.
A complete mobile payments solution
The Rambus Bell ID Token Gateway solution is currently available
and is part of the broad suite of solutions for issuing banks,
processors and payment schemes to support mobile NFC payments.
Fully compliant with the latest mobile payment security standards,
Rambus Bell ID supports cloud-based solutions using host card
emulation (HCE), EMVCo tokenization, and trusted services
management (TSM) for SIM-based projects and for ‘OEM Pay’ solutions
that use an embedded secure element.
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About Rambus Bell ID
Banks, governments and enterprises worldwide rely on Rambus Bell
ID solutions to safely issue and manage credentials on many
millions of smartphones and connected devices. The Rambus Bell ID
software solutions integrate with any third party technology and
simplify the issuing complexities of payment, identity, loyalty and
transit applications. Whether it’s EMV payments data stored on a
chip card, in an NFC-enabled mobile device or in the cloud
leveraging HCE, Rambus Bell ID has the expertise to manage the
lifecycle of any application on any form factor. These
award-winning solutions meet the demanding requirements of
international standardization bodies and payment networks.
About Rambus Inc.
Rambus creates innovative hardware and software technologies,
driving advancements from the data center to the mobile edge. Our
chips, customizable IP cores, architecture licenses, tools,
services, software, training and innovations improve the
competitive advantage of our customers. We collaborate with the
industry, partnering with leading ASIC and SoC designers,
foundries, IP developers, EDA companies and validation labs. Our
products are integrated into tens of billions of devices and
systems, powering and securing diverse applications, including Big
Data, Internet of Things (IoT), mobile, consumer and media
platforms. At Rambus, we are makers of better. For more
information, visit rambus.com.
RMBSTN
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iseeprRob Preyer, + 44 (0) 1943 468007rob@iseepr.co.ukorDavid
Amos, + 44 (0) 1943 468007david@iseepr.co.uk
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