Giesecke & Devrient (G&D) announced that it will provide its Trusted Service Manager (TSM) solution to the Commonwealth Bank of Australia for its commercial rollout of NFC contactless payments.
According to G&D, Commbank is now giving iPhone 4 and 4S owners the opportunity to transfer their MasterCard PayPass card accounts onto their handsets to make contacltess payments with the bank’s Kaching app.
Since the iPhone does not currently feature an NFC chip, Commbank is offering its customers a special cover with an embedded secure element to enable NFC transactions. The cover, which can be ordered through Commbank, is hooked up to the iPhone data interface and automatically communicates with the Kaching app installed on the iPhone.
According to G&D, the next phase of the rollout will bring contactless mobile payments to Commbank’s Android users.
In its role as Trusted Service Manager, G&D will take responsibility via the mobile network for services including the personalization of the payment function, as well as management of the payment application over its entire lifecycle.