The MasterCard certification is granted following extensive functional evaluation and security testing. The certified Gemalto components perform the functions defined by MasterCard as account enablement system, credentials management system, transaction management system and mobile payment application. This completes the certification obtained in December 2015 for the SafeNet Luna EFT (electronic funds transfer) payment hardware security module from Gemalto* to protect payment processing and the digitisation of credit card credentials. SafeNet hardware security modules are trusted to protect cover of US$1 trillion in financial transactions daily.
Gemalto’s suite of products allows banks to seamlessly issue digital versions of their payment cards to their host card emulation-based payment apps as well as partner wallets from device manufacturers, mobile operating system providers, and mobile network operators. Issuers and processors can opt for a fully outsourced cloud service operated from Gemalto’s data centres, or an on-premise instance of the platforms.
“The consumer lifestyle is increasingly defined by the ubiquitous smart phones and tablets and there’s an ever-growing appetite for secure mobile payment,” said Jean-Claude Deturche, Senior Vice President of Mobile Financial Services for Gemalto. “Gemalto’s MasterCard-approved suite of cloud-based payment solutions opens another flexible and highly efficient route into this fast-growing market, securely located under the broad umbrella of our proven trusted services hub, the Allynis TSH.”
*Gemalto announced the acquisition of SafeNet in August 2014.
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