CardsMobile and TEDIPAY demonstrated the use of secure platform for wearables with online provisioning support for contactless payments, transit ticketing, access control and two-factor biometric user authentication.
Mobile World Congress, Barcelona, Spain – 24 February 2016 – TEDIPAY (London, UK) and CardsMobile (St. Petersburg, Russia), resident company of Skolkovo Foundation, have showcased Wildcard, an open platform that allows banks and transport companies to offer their services to customers via a range of wearable devices: smart and hybrid watches, bracelets, smart rings and more. Uniquely, Wildcard platform enables four exciting mass market applications - contactless payments, transit ticketing, access control and user authentication - with ability to securely provision and manage them online using smartphone. The platform can be implemented an as overlay to a conventional mechanical watch, as demonstrated by the partners at the WMC in Barcelona. Wildcard supports all types of contactless payments as well as all major transit protocols worldwide. Wearable devices are protected with multi-layer biometric security. Partners say that the new solution will be available at a price affordable to the mass consumer.
Multipass watch for contactless payment
Wildcard platform was developed on the basis of PN66T, the latest in the family of integrated Secure Elements and NFC controllers from NXP Semiconductors ¬– the chips that power millions of smartphones worldwide. In addition to the NFC interface, TEDIPAY’s device also features a fingerprint sensor for biometric user authentication and Bluetooth Low Energy for seamless integration with any smartphone.CardMobile’s Trusted Service Manager (TSM) platform, certified by MasterCard, allows remote issuance and tokenization of MasterCard payment products, transport tickets (“pocket ticket vending machine”), access control credentials and other services, aggregated via secure mobile wallet. CardsMobile TSM enables issuers worldwide to securely provision credentials and other sensitive data to a remote wearable device.“The powerful combination of TEDIPAY’s and CardsMobile’s platforms is a big step forward for mass adoption of secure applications on wearable devices,” commented Kirill Gorynya, CEO, CardsMobile. “Combined with an API-based TSM service by CardsMobile, this secure wearable platform opens up numerous possibilities for any company wanting to use wearables for all types of payment and identification services.”Announced at the UnBound London Conference in November 2015, TEDIPAY and CardsMobile partnership is aimed to develop an open platform for wearable devices that can be used for secure contactless payments, mass transit and access control.“Never before could wearables be implemented in such a secure and accessible way, placing mass market functionality within easy reach of millions of users. With our innovative features and laser-sharp focus on practical everyday use cases, we set a new benchmark for the global wearables market,” said Alexander Peschkoff, CEO, TEDIPAY.“Every success story of a Russian company in the global market proves the potential of the resident companies of Skolkovo Foundation, strengthens the reputation of Russian developers and entrepreneurs and inspires hundreds of IT companies from Skolkovo that are at the stage of product creation and testing at the local market,” commented Igor Bogachev, VP, Executive Director of IT Cluster, Skolkovo Foundation.About CardsMobile Founded in 2012 in St. Petersburg, CardsMobile is a Russian technology company, a Skolkovo resident, specialising in contactless mobile payments and mobile services based on NFC technology, using its own Trusted Service Manager and Cloud-Based Payments platform. This MasterCard-certified platform features an open API interface for fast third party integration. The platform also supports Host Card Emulation (HCE) technology for bank cards, transport tickets and loyalty programs.The company recently launched its own mobile wallet application for Android OS which allows the issuing of MasterCard contactless bank cards, transport cards and mobile coupons. The Wallet app is pre-installed on compatible models of HTC, Sony and Philips smartphones, and is also available on Google Play.Find out more at cardsmobile.ru or fb.com/cardsmobile.
About TEDIPAYTEDIPAY (UK) Ltd – dubbed “the Rocket Science Company” – is changing the way consumers pay for things on the move. TEDIPAY stands for Trusted Element Device for Innovative Payments. The company’s product portfolio includes MultiPass, a ground-breaking smart transit ticketing solution for public transport that goes into live commercial deployment in the UK in May 2016, and MAGIC, a disruptive retail solution that integrates payments, loyalty, coupons and receipts into one seamless user experience. Both solutions have been highly praised by a group of independent industry experts and awarded grants by Innovate UK, the UK Government's innovation agency.