Rambus Teams with Google, Interac on Android Pay in Canada
June 05 2017 - 9:15AM
Business Wire
Provider of tokenization software helps secure
mobile payments for Interac debit card users
Today Rambus Inc. (NASDAQ:RMBS) announced that it is working
with Google and Interac Association / Acxsys Corporation, the
organizations behind Canada's leading payment brand, to enable
Interac® Debit on Android Pay in Canada. Through the Interac Token
Service Provider (TSP), which was developed in collaboration with
Rambus, Interac debit cardholders can make secure mobile debit
payments, now using Android Pay, through tokenized
transactions.
“We're excited to bring the simplicity and security of mobile
payments to Interac Debit customers with Android Pay,” said Pali
Bhat, vice president of Payment Products, Google. “Starting today,
people will be able to use their Android device to pay at hundreds
of thousands of contactless payment terminals in Canada.”
Beyond ease of use, Android Pay is more secure because it
doesn’t share credit or debit card number with the merchant when
consumers pay in stores, but uses a virtual account number to
represent the card. Additionally, if the phone is ever lost or
stolen, consumers can simply use Google’s Find My Device feature to
instantly lock the device, secure it with a new password, or wipe
it clean of their personal information.
“Interac Debit is one of the most popular payment methods in
Canada,” said Chakib Bouda, CTO of the Rambus Payments Division.
“Our collaboration on the TSP will allow millions of consumers to
enjoy secure mobile payments using Android Pay in Canada.”
“We’re excited to bring Interac Debit on Android Pay to Canada,”
said Debbie Gamble, VP, Digital Product and Platforms, Interac
Association and Acxsys Corporation. “The launch of Android Pay is
another example of how we are working to accelerate the growth of
digital payment experiences in Canada through secure, tokenized
digital debit transactions. Such accomplishments are the result of
innovative technologies and strong partnerships, including our
collaboration with Rambus.”
For more information on Rambus mobile payment solutions, visit
rambus.com/mobile-payments.
About Rambus Security
Rambus Security is dedicated to providing a secure foundation
for a connected world. Our innovative solutions span
areas including tamper resistance, network
security, mobile payment, smart ticketing
and trusted transaction services. Rambus foundational
technologies protect nearly nine billion licensed products
annually, providing secure access to data and creating an
economy of digital trust between our customers and their
customer base. Additional information is
available at rambus.com/security.
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,
software, services, 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 payments, and smart
ticketing. At Rambus, we are makers of better. For more
information, visit rambus.com.
#RMBSTN
Interac and the Interac logo are trade-marks of Interac Inc.
Used under license.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170605005297/en/
Shift CommunicationsLeslie Clavin,
415-591-8400rambus@shiftcomm.com
Rambus (NASDAQ:RMBS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rambus (NASDAQ:RMBS)
Historical Stock Chart
From Apr 2023 to Apr 2024