Rambus Teams with eftpos for Android Pay in Australia
November 13 2017 - 6:00PM
Business Wire
Token Service Provider technology secures
mobile payments for Australia’s largest debit card system
Today Rambus Inc. (NASDAQ: RMBS) announced that eftpos, the
Australian domestic debit network, is using the Rambus Token
Service Provider (TSP) technology to securely digitize payment
cards to support Android Pay. The proven and trusted Rambus TSP
platform enables eftpos to maintain consumer data securely through
tokenization, which allows the replacement of sensitive data with
unique reference numbers so information is not compromised.
Android Pay enables eftpos cardholders from participating banks
and credit unions to use their eligible Android smartphones for
everyday purchases in-store and within Android apps. Android Pay
enables Android users to seamlessly tap and pay with their phones
at payments terminals across Australia. Android Pay is the simple
and secure way to use your Android phone to pay in stores and
within apps. To use Android Pay, you’ll need to download the
Android Pay app from the Google Play Store. Then simply add your
eftpos card and you are good to go. To use Android Pay in a shop,
simply wake your phone, hold it near the contactless terminal, and
your payment will be complete.
“We're excited to bring the simplicity and security of mobile
payments to eftpos users with Android Pay,” said Pali Bhat, vice
president of product management, Payments, Google. “Using Android
Pay is more secure — and much faster — than rummaging through your
wallet for a plastic card. People with an Android device can pay at
almost 800,000 contactless payment terminals in Australia.”
“With more than 40 million debit cards distributed across
Australia, eftpos is one of the most popular payment methods,” said
Bret Sewell, SVP and general manager, Rambus Security division.
“This collaboration with eftpos enables millions of consumers the
opportunity to enjoy secure mobile payments using Android Pay,
leveraging our proven Host Card Emulation (HCE) and EMV
tokenization software for truly trusted transactions.”
eftpos members can now use eftpos debit cards in Android Pay for
secure transactions, leveraging Rambus tokenization software, with
nine financial institutions making the service available to their
customers at launch. To tokenize a payment transaction, the primary
account number (PAN) is sent to a “token vault,” a centralized and
highly secure server stored in a PCI-compliant environment provided
by the payment network.
“We are thrilled to be one of the first domestic networks in the
world to offer tokenization services and support Android Pay,” said
eftpos acting CEO, Paul Jennings. “This will bring the convenience
of secure, in store mobile payments to many Australians for the
first time. We are excited to be working with Rambus, to provide
customers with access to their own money via Android Pay at the
shops.”
Rambus Token Service Provider
The Rambus Token Service Provider is a comprehensive software
platform that offers different solutions within the tokenized
payment infrastructure. Some of the key capabilities include:
- Tokenization Management –
reduces fraud by removing confidential consumer card data from the
payment network, replacing it with unique tokens. This includes
tokenization of primary account numbers (PAN), token vault,
de-tokenization, domain management, clearing and settlement
support, and identification and verification support.
- Host Card Emulation – emulates
the functionality of a physical secure element (SE) in the cloud
for use with Near Field Communication (NFC) transactions, compliant
with specifications of major payment networks featuring a plug-in
for mobile wallets.
- Transaction Management – enables
issuers to perform transactions by calculating cryptogram version
numbers (CVNs) on behalf of the authorization host. It includes
cryptogram validation, assurance level validation, PAN processing,
and messaging.
- Trusted Service Manager – issues
contactless payment cards and provisions static card data and
dynamic key material to a physical SE on a mobile device.
For more details on Android Pay, visit android.com/pay.
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/20171113005387/en/
SHIFT CommunicationsLeslie Clavin,
415-591-8440lclavin@shiftcomm.comorRambus Corporate
CommunicationsCori Pasinetti, 408-462-8306cpasinetti@rambus.com
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