Gemalto has teamed up with European payment services company Worldline to develop a system to help facilitate payment card integrations into mobile wallets.
In addition to supplementary authentication services, Worldline will offer tokenization of card data via its Token Service Provider platform. Gemalto, meanwhile, will integrate the tokens into mobile wallet platforms via its Allynis Trusted Services Hub. The end goal is to provide card issuers with a fast, easy means of getting their cards onto users’ mobile devices.
In a statement announcing the partnership during this week’s Money20/20 Europe conference, Worldline executive Wolf Kunisch asserted that it “will allow banks to get fast access, through existing connections, to many third party wallet platforms, thanks to our joint expertise’s and Allynis Trusted Services Hub, while keeping control and flexibility on the use of the payment data.”
The move comes at a time when major mPayment platforms like Apple Pay and Samsung Pay are spreading around the world. While those companies tend to deal directly with financial institutions in enabling card support, their growth may spur the emergence of further digital wallet platforms with which Gemalto and Worldline can offer card issuers their assistance.