ACI Worldwide expanded its partnership with Bell ID to deliver issuance and management of mobile near field communication payment tokens for devices equipped with contactless technology, using ACI Token Manager for Mobile.

The product is enhanced by ACI’s experience in providing contactless and mobile payments solutions to some of the largest retailers and financial institutions combined with Bell ID’s NFC lifecycle management software. It provides over-the-air lifecycle management of applications, cryptographic keys, and secure elements on NFC enabled mobile devices. The platform can be implemented by organizations choosing to launch mobile payment systems or seeking to add Trusted Service Manager capabilities to their offerings.

“For the consumer, mobile NFC payments are seamless and rarely noticed,” says Craig Saks, vice president, Global Product Business Operations, ACI Worldwide. “The infrastructure behind the scenes however is very complex. Due to the increasing importance of mobile payments there is no room for complacency. Mobile payment projects require flexible and dependable solutions that keep them on track.”

"With the accelerating adoption of mobile payments worldwide, banks need to prepare for a reality where banking cards and payment applications on mobile phones need to co-exist,” says Pat Curran, executive chairman at Bell ID.


[This article was posted on July 2, 2012, on the website of ABA Banking Journal, www.ababj.com.]         

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