Rambus and eftops to support Apple Pay transactions in Australia

Thursday 19 October 2017 09:58 CET | News

Rambus has partnered with eftpos, the Australian domestic debit network, to help support secure transactions with Apple Pay for users in Australia. 

eftops will be able to support Apple Pay with Rambus Token Service Provider (TSP) technology, which replaces sensitive information with unique reference numbers and is more secure than traditional plastic cards. 

Through the partnership, more than a million consumers in the eftops network will benefit from secure mobile payments using Apple Pay. 

When customers use eftpos debit cards with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on the consumer’s device. Each transaction is authorized with a one-time unique dynamic security code.

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Keywords: Rambus, Apple Pay, Australia, mobile payments, security, secure mobile payments, cards, debit cards
Categories: Payments & Commerce | Mobile Payments
Countries: World
This article is part of category

Payments & Commerce