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Gemalto offers mobile payments security solution for YES BANK

Wednesday 20 July 2016 14:28 CET | News

Gemalto has announced that YES BANK has deployed its SafeNet Network HSM to secure mobile payment transactions.

YES BANK is a service commercial bank that deploys UPI, Indias online payments solution which enables all account holders to send and receive money from their smartphones with a single identifier, such as mobile number or virtual payments address, without entering any bank account information.

The SafeNet Network HSM (formerly SafeNet Luna SA HSM) provides end-to-end data security and encryption to protect user credential confidentiality and the private keys responsible for digital signing, thus establishing a secure root of trust for financial transactions throughout the UPI payment process.

Gemalto is a digital security company providing software applications, secure personal devices such as smart cards and tokens and managed services.


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Keywords: mobile payments, security, banking, data security, encryption, UPI, SafeNet Network HSM, YES Bank, Gemalto
Categories: Fraud & Financial Crime
Companies:
Countries: World
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Fraud & Financial Crime






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