equensWorldline offers NFC mobile payments for Postbank customers

Monday 25 September 2017 00:20 CET | News

equensWorldline has teamed up Postbank to enable the bank’s customers in Germany pay with their smartphones using NFC technology.

The bank is one of the first on the German market to introduce Visa credit card payments based on Host Card Emulation (HCE) technology, according to the company’s press release. Postbank will use the mobile payment solution created by equensWorldline, a subsidiary of Worldline that specialises in payment transaction processing.

The payment function from equensWorldline is integrated into the existing Postbank app, and will become available to customers after a simple app update. The anonymised payment details are automatically loaded to the app and continuously updated. This means that the user does not need to enter any information manually or manage card details.

The solution also uses transaction numbers and one-time keys (tokens) that are valid only for a set period of time. In addition, it is the first solution with Visa in the HCE environment that requires PIN on device card holder verification and fingerprint recognition as a Consumer Device Cardholder Verification Method (CDCVM) during the payment process.

For more information about Worldline, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: Visa credit card, NFC, mobile payments, Germany, equensWorldline, Worldline, Postbank, CDCVM
Categories: Payments & Commerce | Mobile Payments
Countries: World
This article is part of category

Payments & Commerce