Rambus Collaborates with Samsung Canada and Interac to Help Deliver Samsung Pay in Canada
November 01 2017 - 4:30PM
Business Wire
Tokenization allows Canadian cardholders to
make secure mobile payments
Today Rambus Inc. (NASDAQ: RMBS), a leader in digital
security, semiconductor and IP products and services, announced
that it has teamed with Samsung Canada and Interac Association /
Acxsys Corporation, the organizations behind Canada’s leading
payment brand, to help enable Interac Debit on Samsung
Pay in Canada. The Interac Token Service Provider (TSP), developed
in collaboration with Rambus, now helps allow
Interac users to make secure mobile debit payments through
tokenized transactions using Samsung Pay. With the addition of
tokenization, this TSP substitutes sensitive information with
unique reference numbers to minimize the risk of fraud.
Samsung Pay, a widely accepted mobile payment solution, is a
highly-secure platform that works with three levels of
security—fingerprint authentication, card tokenization and
Samsung’s mobile security platform Samsung KNOX. Thanks to
Samsung’s Near Field Communication (NFC) technology, Samsung Pay
works wherever you can tap an Interac card today. Now, with the
integration of the Interac TSP, Canadian customers can continue to
use Samsung Pay in the most convenient way possible.
“When it comes to mobile payments, we understand the important
balance of convenience and security and Samsung Pay provides just
that – a simple, secure and convenient seamless mobile payment
solution,” said Paul Brannen, COO and executive vice president of
Samsung Electronics Canada.
Samsung Pay is supported on Galaxy Note8; Galaxy S8 and S8+;
Galaxy S7 and S7 edge; Galaxy S6, S6 edge, and S6 edge+; Galaxy
Note5 and Galaxy A5 devices and available exclusively in the
Samsung Galaxy Apps Store.
“This collaboration is part of Interac’s ongoing efforts to
progress mobile payments in Canada,” said Debbie Gamble, Interac
Association and Acxsys Corporation’s vice president of digital
product and platforms. “Through our partnership with Rambus and
Samsung, we are able to expand our TSP platform to more users,
bringing Interac Debit on Samsung Pay to consumers in Canada.”
By integrating tokenization technology, Interac Debit on Samsung
Pay is able to protect transaction data and mitigate fraud. This
technology replaces primary account numbers (PAN) with alternative
PANs called payment tokens, making Interac Debit on Samsung Pay a
highly-secure payment option, as these tokens have no value to
fraudsters when intercepted.
“With the rapid expansion of mobile payments, the increase of
data breaches and fraud rates, tokenization technology has become
essential in the mobile payments industry,” said Chakib Bouda,
chief technology officer of Payments, Rambus. “We are excited to be
one of Samsung’s and Interac’s partners to help deliver mobile
payment transactions through our collaboration on the TSP.”
For more details on Samsung Pay, visit
http://pages.samsung.com/ca/samsungpay/English/.
For more information on Rambus mobile payment solutions,
visit rambus.com/mobile-payments.
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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.
Source: Rambus Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20171101005511/en/
SHIFT CommunicationsLeslie Clavin,
415-591-8440lclavin@shiftcomm.comorRambus Corporate
CommunicationsCori Pasinetti, 408-462-8306cpasinetti@rambus.com
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