JPMorgan Chase & Co. has chosen digital security provider Gemalto NV to protect and support delivery of data in Chase’s mobile-payment program, Chase announced Feb. 27.
France-based Gemalto will serve as the trusted service manager for the credit and debit card data of Chase customers, validating authenticity and supporting electronic information delivery, New York-based Chase reported in a press release.
The Isis mobile wallet, developed through a joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, will be the first to benefit from the partnership, Chase stated.
The announcement comes nearly two months after Isis selected Gemalto to secure its mobile payment and Near Field Communication payment programs, Chase added (see story).
“We have had a long and successful business relationship with Gemalto issuing traditional and contactless payment cards,” Jack Stephenson, Chase director of mobile, e-commerce and payments, said in the press release. “We are pleased to expand this partnership to include mobile payment.”
Through Gemalto’s data security and authentication technology, Chase will be able to load a digital version of a customer’s payment card into the customer’s mobile wallet immediately, the company stated.
Customers will be able to make transactions at NFC-enabled physical points of sale by tapping their mobile phones against the POS terminal, Chase reported.
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