Gemalto has introduced the a UICC-embedded software application compliant with Mobile MasterCard PayPass M/Chip 4, the new MasterCard specification for NFC mobile payments.
Gemalto says this development could pave the way for mass commercial roll outs of NFC payment across the world. In the UK, Gemalto is already partnering with a global first-tier financial institution and a leading mobile operator to carry out the first mass commercial roll out.
Gemalto’s software application embeds the Trusted Service Management interface for PayPass, enabling mobile account issuance and over-the-air management. It features a user-friendly handset interface designed to make mobile NFC payment convenient and easy to manage.
Gemalto’s application can be configured to cover all card portfolios including debit, credit and prepaid. For prepaid accounts, the software application enables consumers to top-up their prepaid accounts directly from their mobile phone. The solution also allows consumers to pick their mobile PIN number through their phone for greater security in operations like account top-up.