MasterCard, Gemalto, MasterCard tie cloud payments deal, Technology Times

Gemalto, MasterCard tie cloud payments deal

Gemalto, MasterCard tie cloud payments deal

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Gemalto, a leader in digital security, has received full MasterCard approval for a complete Cloud-Based Payment (CBP) solution.
According to the digital security company, the recent MasterCard certification encompasses Gemalto’s CBP server platforms as well as the payment software running on cardholders’ mobile phones.
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 (AES), Credentials Management System (CMS), Transaction Management System (TMS) and Mobile Payment Application (MPA).
MasterCard, Gemalto, MasterCard tie cloud payments deal, Technology Times
Cloud Computing
This completes the certification obtained in December 2015 for the SafeNet Luna EFT (Electronic Funds Transfer) Payment HSM (Hardware Security Module) protecting the processing of payment transactions and digitisation of credit card credentials, according to the technology company.
​”The consumer lifestyle is increasingly defined by the ubiquitous smart phones and tablets and there’s an ever-growing appetite for secure mobile payment,” Jean-Claude Deturche, Senior Vice President of Mobile Financial Services for Gemalto says.
“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.”
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Kayode Oladeinde Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929