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Digital Payment Card Solution

admin 13 October, 2021 0 Comments

IDEMIA’s digital payment card solutions support banks and FinTechs in implementing such digital-first payment strategies, enabling them to propose immediate and secure payment options, accessible directly from their mobile banking app.

These solutions apply to a variety of use cases such as proximity and remote payments.

Our features

IDEMIA’s digital payment card solutions support banks and FinTechs in implementing such digital-first payment strategies, enabling them to propose immediate and secure payment options, accessible directly from their mobile banking app.

These solutions apply to a variety of use cases such as proximity and remote payments.

Virtual card display for remote payments, via dynamic virtual card generation and validation service

Contactless mobile payments at point-of-sale, leveraging a payment token provisioning service for issuer-branded wallets.

IDEMIA’s digital payment card solutions come with a mobile SDK and wallet server to secure both virtual card display and contactless payment use cases.

Benefits

Reinvent the consumer journey

  • Display on-demand virtual cards for secure online payments
  • Provide a ready-to-use card for in-store contactless payments without transaction limit
  • Satisfy growing demand for contactless payments

Increase consumer acquisition and revenue

  • Enrich existing mobile banking apps with new payment services
  • Promote issuer brand and daily customer interactions

Ensure highest security

  • Reduce fraud via tokenization and domain usage restrictions
  • Protect sensitive data and authenticate customer prior to payments

Virtual cards for secure online payments

Cardholders can pay with virtual card numbers displayed on their mobile banking apps for one-time checkout, or can choose to enroll these cards for recurring payments with merchants. Once a customer is authenticated, the banking application can display full card details on-demand, or the card verification code to be used in combination with a physical “numberless card.”

Contactless mobile payments at point-of-sale

Banks can enable their cardholders to pay in-store by tapping their phone at NFC-enabled point-of-sale (POS) terminals using their mobile banking app. By combining digital cards with consumer device cardholder verification methods, contactless payments can be performed without transaction limits.

Alternatively, contactless payments may also be done via QR code.

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