|
WirelessDevNet.com Press Release
Payment Sticker from G&D Equips Cell Phones for Mobile Payment
Munich - July 17, 2012 - G&D presents the first payment sticker to meet the specifications of the German banking industry. When the sticker is attached to a cell phone or smartphone, contactless payment becomes possible even if the device itself is not NFC-enabled. The SECCOS® Mobile payment sticker is certified for the MasterCard® contactless payment method PayPass™. This allows bank customers worldwide to pay bills at over 350,000 PayPass locations.
Although there are around 50 NFC-enabled smartphone models now available, the number of users is still relatively low. This has left the field open for contactless payment stickers to play an important role as a bridge technology on the road to mobile payment by cell phone. G&D has developed SECCOS Mobile especially for the German market. This sticker variant runs on the SECCOS Secure Chip Card Operating System, which is the German banking industry system for smartcards. Depending on the requirements of the issuing bank, the stickers can be configured as prepaid, debit, or credit cards.
The first customers for the payment sticker are Sparda-Bank Hamburg and Donner & Reuschel. The Deutsche Genossenschafts-Verlag (DG VERLAG), system integrator and partner of cooperative banks as well as other institutes, is supplying the new technology to the banks as part of a trial conducted by the cooperative financial group.
Cardholders using the 48 x 28 millimeter G&D stickers as a MasterCard credit card can make payments at over 350,000 contactless PayPass payment terminals in 37 countries worldwide. All transactions made this way are listed on the user’s normal credit card bill. For amounts up to 25 euros, there is no need to enter a PIN or provide a signature, cutting the transaction time by about a quarter compared to a regular card payment and by half compared to cash payments. For amounts above 25 euros, the issuing bank determines whether authentication by PIN or signature is required. In Germany, bank customers can already make payments at various PayPass locations, including Aral, Vapiano, McDonald’s, Thalia, Douglas, and Edeka. MasterCard has a PayPass Locator tool on its website, which provides users with an overview of contactless payment terminals in their vicinity.
About Giesecke & Devrient
Giesecke & Devrient (G&D) is a leading international technology provider headquartered in Munich, Germany. Founded in 1852, the Group has a workforce of around 10,500 employees and generated sales exceeding EUR 1.64 billion in fiscal 2011. 58 subsidiaries and joint ventures in 32 countries ensure customer proximity worldwide.
Over 150 countries place their trust in G&D solutions when producing and processing their banknotes. The company primarily supplies central and commercial banks, cash-in-transit companies, and security printers with innovative technologies that render the cash cycle efficient and secure. G&D bank and SIM cards are used all over the world to make payments and telephone calls. As an end-to-end provider of smartcard and mobile security solutions, the Group develops and distributes hardware, software, and services to a client base that includes banks, mobile network operators, transportation companies, business enterprises, and original equipment manufacturers (OEMs). Governments and public authorities turn to G&D for passport, ID card, and border control systems, ensuring reliable identity verification right around the globe. For more information, please visit: www.gi-de.com
|
