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Giesecke & Devrient Announces Convego CloudPay

Mobile Commerce Insider Featured Article

March 02, 2015

Giesecke & Devrient Announces Convego CloudPay

By Alexandra Duggan
TMCnet Contributing Writer

Barcelona is hosting the world’s greatest mobile event, Mobile World Congress (News - Alert) 2015, The Edge of Innovation, from March 2-5. The event will showcase the world’s major technological breakthroughs, from wearable to devices to mobile technology, Barcelona will see some of the industry’s newest products and today’s leading visionaries.

Giesecke & Devrient (G&D) has recently announced it is launching its secure mobile transaction service, Convego CloudPay. The mobile cloud payment service comes at a time when there is a growing quantity of mobile and digital channels in the financial sector. The way people are paying is moving to the digital platform, and Convego CloudPay software will make mobile transactions more secure. 

G&D’s Convego CloudPay will be unveiled at the Mobile World Congress 2015. It is compliant with the requirements of the major international payment schemas. “G&D is proud and happy to accompany banks into the digital age and support them with contemporary solutions,” said Edgar Salib, group senior vice president and head of the division of financial institutions at G&D, in a statement.  

The Convego CloudPay provides a mobile payment solution for banks and their customers. The services included a managed payment scheme-certified data centers operated by G&D.

The CloudPay Server provides life cycle management and the CloudPay Client software handles digitalized payment cards and payment transactions. Convego CloudPay is compatible with most major credit cards including, MasterCard (News - Alert), Visa and Amex.

Users can enroll for cloud-based payments through the mobile app offered by their bank through mobile app stores. Once they have set up a digitalized payment card, users can take advantage of the CloudPay Server and start making mobile transactions. 

Convego CloudPay now allows banks to offer better, more secure, mobile payment services. CloudPay handles the security end while participating banks handle the marketing and design aspects.

Mobile payments are slowly becoming more mainstream and CloudPay is helping create feasible and secure alternative to physical payment.

Edited by Maurice Nagle

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