The TSM (Trusted Service Manager) service is operated by technology group Giesecke & Devrient in cooperation with DG VERLAG.
DG VERLAG uses the TSM service to install and personalize the ClassicCard Mobile credit card on customers’ smartphones via a wireless connection, storing the card in a secure element on the SIM card.
Customers are set to make payments using the credit card integrated in their smartphones and located in the digital O2Wallet by holding the device up to the payment terminal. For payments of more than EUR 25, customers must also enter a PIN code to authorize the transaction. The new credit card product is issued by financial institution WGZ Bank, which is supervising its introduction by Dortmunder Volksbank.
To use the smartphone credit card, customers must have the digital O2Wallet and be using either the Samsung Galaxy S3 or Samsung Galaxy Ace 2 NFC-enabled smartphone. They will also need an O2mobile contract and related NFC SIM card. Once customers have submitted their application for the virtual ClassicCard Mobile credit card to Dortmunder Volksbank, they receive a notification that allows them to activate the payment service. The Trusted Service Manager operated by G&D then ensures that the payment application and data pertaining to payment and security are transferred via the mobile network to a secure element on the SIM card using a multiply encrypted connection.
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