PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Rambus Collaborates with Samsung Canada and Interac to Help Deliver Samsung Pay in Canada

PaymentsJournal by PaymentsJournal
November 2, 2017
in Press Releases
0
Rambus logo

Rambus logo

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tokenization allows Canadian cardholders to make secure mobile payments

 SUNNYVALE, Calif. – Nov. 2, 2017 – Today Rambus Inc. (NASDAQ: RMBS), a leader in digital security, semiconductor and IP products and services, announced that it has teamed with Samsung Canada and Interac Association / Acxsys Corporation, the organizations behind Canada’s leading payment brand, to help enable Interac Debit on Samsung Pay in Canada. The Interac Token Service Provider (TSP), developed in collaboration with Rambus, now helps allow Interac users to make secure mobile debit payments through tokenized transactions using Samsung Pay. With the addition of tokenization, this TSP substitutes sensitive information with unique reference numbers to minimize the risk of fraud.

Samsung Pay, a widely accepted mobile payment solution, is a highly-secure platform that works with three levels of security – fingerprint authentication, card tokenization and Samsung’s mobile security platform Samsung KNOX. Thanks to Samsung’s Near Field Communication (NFC) technology, Samsung Pay works wherever you can tap an Interac card today. Now, with the integration of the Interac TSP, Canadian customers can continue to use Samsung Pay in the most convenient way possible.

“When it comes to mobile payments, we understand the important balance of convenience and security and Samsung Pay provides just that – a simple, secure and convenient seamless mobile payment solution,” said Paul Brannen, COO and executive vice president of Samsung Electronics Canada.

Samsung Pay is supported on Galaxy Note8; Galaxy S8 and S8+; Galaxy S7 and S7 edge; Galaxy S6, S6 edge, and S6 edge+; Galaxy Note5 and Galaxy A5 devices and available exclusively in the Samsung Galaxy Apps Store.

“This collaboration is part of Interac’s ongoing efforts to progress mobile payments in Canada,” said Debbie Gamble, Interac Association and Acxsys Corporation’s vice president of digital product and platforms. “Through our partnership with Rambus and Samsung, we are able to expand our TSP platform to more users, bringing Interac Debit on Samsung Pay to consumers in Canada.”

By integrating tokenization technology, Interac Debit on Samsung Pay is able to protect transaction data and mitigate fraud. This technology replaces primary account numbers (PAN) with alternative PANs called payment tokens, making Interac Debit on Samsung Pay a highly-secure payment option, as these tokens have no value to fraudsters when intercepted.

“With the rapid expansion of mobile payments, the increase of data breaches and fraud rates, tokenization technology has become essential in the mobile payments industry,” said Chakib Bouda, chief technology officer of Payments, Rambus. “We are excited to be one of Samsung’s and Interac’s partners to help deliver mobile payment transactions through our collaboration on the TSP.”

For more details on Samsung Pay, visit http://pages.samsung.com/ca/samsungpay/English/.

For more information on Rambus mobile payment solutions, visit rambus.com/mobile-payments.

Tags: CanadaRambusSamsung
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    eCommerce On Social Media, social commerce

    The Rise of Social Commerce and Social Payments

    February 3, 2023
    Electroneum AnyTask; ETN Crypto, sales enablement

    Ethical Financial Selling: The Role of Compliance Technology and Sales Enablement

    February 2, 2023
    direct deposit

    Nacha Launches Campaign to Reach Millennials on the Benefits of Direct Deposit

    February 1, 2023
    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023
    faster payments

    Faster Payments Are Set to Revolutionize Modern Digital Payments

    January 26, 2023
    How AI can Help Manage Payments Risk in 2023

    How AI can Help Manage Payments Risk in 2023

    January 25, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Equinix report - Dojo Delivers Fast, Reliable and Secure Card Payments to Businesses on Platform Equinix