News

G&D ensures security of Telefonica O2 Wallet payments in Germany

Thursday 28 March 2013 07:56 CET | News

Germany-based electronic payment services provider Giesecke & Devrient (G&D) has entered a strategic alliance with telecommunication services provider Telefonica to handle the latter’s applications security in O2 Wallet.

As part of a Friendly User Test, O2 customers are able to use their NFC-enabled smartphones with the related NFC SIM card to make contactless payments in all participating shops around the world. In the future, the O2 Wallet will be expanded to include further applications such as coupons and loyalty programs. For the wallet service’s pilot phase, G&D is providing the NFC SIM cards and the Trusted Service Manager service. The Trusted Service Manager also provides additional lifecycle management services such as locking and unlocking the payment applications.
With the O2 Wallet, customers can use their mobile devices to make contactless payments in any shop that displays the MasterCard PayPass logo.

At the end of 2011, Telefónica S.A. and G&D reached an agreement to establish a Europe-wide platform for NFC services. This agreement also covers provision of the necessary TSM technology.
 


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Telefonica, Giesecke & Devrient, online fraud, mobile payments, Germany
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime






Industry Events