Mastercard TSM Certification
On January 25th ABnote Australasia achieved MasterCard Trusted Service Manager (TSM) Certification for Australia and New Zealand.
The TSM hubs, located in Ingleburn NSW and Christchurch NZ, are the first in Australasia to successfully complete the compliance process and receive approval by MasterCard’s Mobile Partner Program. MasterCard certification allows ABnote to provide TSM services such as secure management and over-the-air application download and personalisation to NFC-enabled mobile phones. The TSM delivers interoperability between mobile operators and financial issuers over a safe platform to securely provision payment and offer applications across a network on a secure element that is embedded within a mobile handset, Micro SD, iPhone sleeve or Sim Card (UICC chip)
With ABnote TSM, banks and service providers have a, cost-effective, easy to use, standardized and secure method to transfer and install MasterCard PayPass™ enabled payment account information, on demand, in real time, onto NFC enabled mobile phones. Once provisioned, consumers can immediately use their mobile phone at merchant locations where PayPass™ is accepted.
Secure TSM services are essential for NFC
NFC – based contactless services offer major benefits to consumers in terms of speed and convenience, however the implementation of these services and the multiplayer nature of delivering the solutions to the end user; which generally involves banks, mobile operators and retailers creates a unique challenge for issuers; how do these companies collaborate to deliver a seamless solution across a multitude of devices? The Trusted Service Manager (TSM) delivers predictable consistency to the complex multi player NFC Ecosystem by delivering the service provider’s application across a customer base using one common contact point. MasterCard TSM certification gives assurance to financial institutions that confidentiality and integrity of payment data is protected to MasterCard requirements during the entire management process MasterCard works alongside vendors to offer secure NFC payment solutions to its issuing banks. They ollaborate with technological enablers like ABnote to allow financial institutions to rollout NFC MasterCard PayPass™ mobile services safely, making the fast-paced lifestyles of consumers just that little bit easier, as well as spurring the growth of contactless payments in the market.
ABnote helps Banks to commercialise contactless mobile payments
With our many years of experience in EMV contact and contactless payment cards we are able to deliver complete solutions for the commercial roll-out of NFC TSM services and meet the rapidly growing demand for NFC applications. The MasterCard certification is yet another milestone for us to showcase our technological capability and enable the NFC ecosystem to grow in the Trans-Tasman region.
Our TSM solves implementation headaches for service providers
ABnote’s readiness to provide commercial TSM services and its MasterCard certification is an important step in enabling financial institutions to leverage their investment in, and commercialise their contactless mobile payment services. The completed certification demonstrates our compliance with the stringent security requirements set by MasterCard and the first in Australasia to achieve it.