Deploy Digital Payment Solution via Gemalto's Platform Connected to Mastercard and Visa

Gemalto announced that its Trusted Service Hub  (TSH) can now offer a single gateway enabling issuers to connect to the Mastercard and Visa tokenization services, simplifying the way financial institutions can launch mobile payment services.

Banks and other issuers are increasingly deploying multiple payment schemes for their mobile payment offering. Gemalto's cloud-based solution can manage all their digital issuance needs from a single hub.

The Mastercard and Visa platforms manage the tokenization: it is the process that converts cards' sensitive data into a unique digital identifier (or token) that can be deployed more safely on smartphones and similar devices. The token allows payments to be processed without exposing actual account details that could potentially be compromised.

Card issuers, as well as wallet providers, can rely on Gemalto to help them launch rapidly and massively mobile payments without having to face different security frameworks or complex integration, while benefiting from Mastercard and Visa's tokenization services.