InComm and Gemalto develop a strategic initiative to offer secure prepaid mobile NFC payments.
As prepaid shopping continues to grow in popularity, companies are searching for ways to streamline these payment options, and also to add security to such payment methods. InComm, a company that offers prepaid products and transaction services, and Gemalto, a digital security company, have announced an initiative to offer secure prepaid mobile NFC payments.
The InComm Mobile Platform (IMP) will enable mobile wallet providers and merchants to streamline the deployment of prepaid contactless payments. InComm is leveraging Gemalto’s infrastructure to securely pass prepaid card information from InComm’s platform to the consumer’s NFC-enabled mobile device. The credential management is powered by the dedicated Allynis Trusted Services Hub (TSH) and enables the consumer to immediately use their prepaid card for fast and convenient mobile payments at participating retailers.
“The prepaid card market is one of the fastest growing non-cash payments markets with growth expected at an annual rate of 22% through 2017. In this booming market, we are working closely with InComm to provide bank-grade security during the mobile provisioning of payment card information,” said Sebastien Cano, president of North America at Gemalto. “The combination of our TSH and InComm’s IMP is facilitating the transition of tangible prepaid to mobile payments.”
“Working with Gemalto, InComm now has the ability to offer secure NFC payments through mobile,” explained Michael Parlotto, vice president of emerging technology at InComm. “Leveraging Gemalto’s secure provisioning for retailers and prepaid product providers transitioning into the mobile arena combined with InComm’s open loop prepaid cards, puts us in a strong position to make the prepaid experience more secure, convenient and customized for consumers.”
