Gemalto hosted TSM service strengthens mobile payment ecosystem in HK
(Thomson Reuters ONE Via Acquire Media NewsEdge)
The solution, also operated by Gemalto, is open to all service providers and
already enables Hang Seng Bank to connect into Hong Kong's TSM trust
Amsterdam, March 11, 2014 - Gemalto (Euronext NL0000400653), the world leader in
digital security, has provided hosted Trusted Service Management (TSM) services
to Hang Seng Bank for their mobile payment service. Gemalto's Allynis TSM has
allowed Hang Seng Bank to join forces with mobile operators including HKT to
offer customers the convenience of NFC to tap and pay for small value
transactions. HKT is building upon the installed base of advanced NFC SIM it has
been deploying since second half of 2013, having progressively equipped its
subscribers with Gemalto's UpTeq Multi-tenant NFC SIMs.
The secure software client embedded in the advanced NFC SIM cards connects into
Hong Kong's TSM trust infrastructure for rapid mass deployment of multiple
contactless services even after the card has been issued to end users. To pay
with their mobile device, customers just download the mobile payment application
on their phone and activate the service. Mobile payments are already available
at over 3,000 merchant outlets in Hong Kong, including convenience stores,
supermarkets, fast food chains, cinemas and more.
The TSM service will be hosted in Gemalto's data center, which is AMEX,
MasterCard and VISA certified and provides full-time, 24/7 availability for
payment applications. It also complies with international interoperability
standards, such as Global Platform, and enables easy on-boarding for other
mobile operators and payment schemes in the future.
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with
2013 annual revenues of €2.4 billion and more than 12,000 employees operating
out of 85 offices and 25 research and software development centers, located in
We are at the heart of the rapidly evolving digital society. Billions of people
worldwide increasingly want the freedom to communicate, travel, shop, bank,
entertain and work - anytime, everywhere - in ways that are enjoyable and safe.
Gemalto delivers on their expanding needs for personal mobile services, payment
security, authenticated cloud access, identity and privacy protection,
eHealthcare and eGovernment efficiency, convenient ticketing and dependable
machine-to-machine (M2M) applications. We develop secure embedded software and
secure products which we design and personalize. Our platforms and services
manage these products, the confidential data they contain and the trusted end-
user services made possible.
Our innovations enable our clients to offer trusted and convenient digital
services to billions of individuals. Gemalto thrives with the growing number of
people using its solutions to interact with the digital and wireless world.
For more information visit www.gemalto.com, www.justaskgemalto.com,
blog.gemalto.com, or follow @gemalto on Twitter.
Gemalto Media Contacts:
Peggy Edoire Nicole Smith
Europe, Middle East & Africa North America
+33 4 42 36 45 40 +1 512 758 8921
Pierre Lelievre Ernesto Haikewitsch
Asia Pacific Latin America
+65 6317 3802 +55 11 5105 9220
Press Release (PDF):
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Gemalto via GlobeNewswire
[ Back To Technology News's Homepage ]