News
Giesecke & Devrient provides secure digital-payment solutions supporting Mastercard tokenization services
February 2017 by Marc Jacob
G&D has completed the integration of its Convego Hub solution with the Mastercard Digital Enabled Service (MDES). With this integration to MDES, G&D can provide a one-stop solution to Mastercard issuers for secure mobile payments both for issuers’ own wallets on HCE (Host Card Emulation)-enabled mobile devices as well as for issuer participation in third-party wallets. Convego Hub supports also the integration of other wallet providers to Mastercard token service.
As digital payments become more prevalent in every corner of the globe, Mastercard has introduced the MDES to facilitate the creation of a more connected, convenient and secure commerce ecosystem. MDES allows issuers and merchants to leverage tokenization and digitization of cardholder credentials to create EMV-like security for every transaction. It gives cardholders the choice and peace of mind to make more secure digital payments from a variety of connected devices through a tap, touch or click.
Convego Hub consists of Convego CloudPay and Convego Service Broker solutions. Convego CloudPay integrates to MDES as an on-behalf token requestor for issuer HCE wallets, as well as for other wallets, and provides an end-to-end solution for secure provisioning and life-cycle management of MDES tokenized payment cards for the wallets. Convego Service Broker integrates to MDES over APIs and provides Mastercard issuers with the services needed for issuer participation on the digital wallets using MDES token services. Based on the relationship between Mastercard and G&D, Mastercard issuers can develop and provide their own branded mobile wallets to their customers as well as enable their customers to make use of other wallets too.
G&D Convego Hub supports mobile payments for multiple payment schemes with a single service interface for financial institutions, as a fully integrated and certified solution with fast time-to market.
