| By Business Wire | Article Rating: |
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| January 14, 2013 10:12 AM EST | Reads: |
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Datacard Group, the world leader in secure ID and card personalization solutions, together with DeviceFidelity, Inc., leading Near Field Communications (NFC) plug-and-play technology solution provider, today announced that U.S. Bank will be using technology and personalization services from the two companies to roll out a new contactless mobile payment beta called U.S. Bank Go Mobile Payment Service.
Targeted to frequent travelers, the bank’s pilot new program will offer customers in the FlexPerks® Travel Rewards Visa® credit card program a new mobile payment option. Along with their card, customers who opt-in for the service will also receive an iPhone case that ultimately turns their iPhone 4 or iPhone 4S into an NFC-enabled payment device.
“U.S. Bank was one of the first financial institutions in the nation to explore microSD contactless mobile payments in 2010 when we conducted an employee pilot of the technology,” said Dominic Venturo, chief innovation officer for U.S. Bank Payment Services. “That experience helped us better understand what customers might expect from their mobile device and how they might use their iPhones as payment devices.”
The iPhone case, manufactured and patented by DeviceFidelity and called the iCaisse4X, is equipped with a microNFC card – which along with U.S. Bank’s Go Mobile application – provides rich digital wallet capabilities to customers. The iCaisse4X is the only iPhone solution certified by all major payment networks to meet their stringent security and performance requirements, and the unique design incorporates a portable secure element embedded into the microNFC card.
“Success of mobile payments and NFC relies heavily on a program that offers viable consumer benefit along with piece of mind that the service is offered by a leading financial institution they can trust,” said Amitaabh Malhotra, chief operating officer at DeviceFidelity. “The U.S Bank solution combines the essential elements of convenience and the security of smart card technology, along with loyalty, frequent use and mobility for a consumer program to be successful.”
Additionally, all the cardholder personalization for this program—including the personalization of the microNFC card and the FlexPerks Travel Rewards Visa Signature Card—will all be done with Datacard® secure issuance solutions. This enables U.S. Bank to use the same personalization technology without making major infrastructure changes to their current card program.
“Mobile payment programs are beginning to be implemented throughout the globe and U.S. Bank is on the forefront of this trend,” said Russell St. John, senior vice president of global marketing for Datacard Group. “We are very pleased that U.S. Bank has selected Datacard Group as their partner of choice for the personalization process based on the security, efficiency and an integrated infrastructure we were able to provide. Together, U.S. Bank, DeviceFidelity and Datacard Group are creating and implementing innovative solutions built in a global, digital and highly connected marketplace.”
About Datacard Group
Datacard Group empowers financial institutions, government agencies and other enterprises in more than 150 countries to securely issue and personalize financial cards, passports, national IDs, employee badges, mobile payment applications and other credentials. Our flexible solutions enable Secure Issuance Anywhere™, which helps both public and private enterprises succeed in a global, digital and increasingly connected marketplace. Datacard is the world's best-selling brand of secure issuance solutions. For information, visit www.datacard.com. Follow us on Twitter, YouTube and LinkedIn.
About DeviceFidelity, Inc.
DeviceFidelity, Inc. develops plug-and-play technologies that empower a variety of institutions to deploy their NFC and mobile security services and applications on millions of mobile phones worldwide. Its patented In2Pay®, CredenSE and iCaisse solutions transform popular mobile phones into interactive and secure transaction devices. Using this technology DeviceFidelity has also launched moneto, the world’s first commercially available NFC mobile payment solution for iPhone and Android. Committed to bringing innovation to mobile devices, the company has numerous global patents around its NFC microSD technology and iPhone accessory solutions. DeviceFidelity is a private corporation with headquarters in Texas and offices in California, UK and France. For more information about DeviceFidelity, visit http://www.devicefidelity.com, follow us on Twitter @DeviceFidelity or at facebook.com/DeviceFidelity. For more information on moneto visit http://www.moneto.com, follow us on Twitter @moneto_me or at facebook.com/monetome
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $352 billion in assets as of Sept. 30, 2012, is the parent company of U.S. Bank, the 5th largest commercial bank in the United States. The company operates 3,086 banking offices in 25 states and 5,080 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.
Published January 14, 2013 Reads 227
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