Rambus, eftpos Team Up in Australia to Support Apple Pay
October 17 2017 - 7:42PM
Business Wire
Rambus Inc. (NASDAQ: RMBS) today announced it has teamed up with
eftpos, the Australian domestic debit network, to help support
secure transactions with Apple Pay for users in Australia. Through
integration with the Rambus Token Service Provider (TSP)
technology, eftpos is able to support Apple Pay, the easy, secure
and private way to pay. By utilizing tokenization, this TSP
technology replaces sensitive information with unique reference
numbers and is more secure than traditional plastic cards.
“With millions of eftpos-only debit cards distributed across
Australia by its members, eftpos is the country’s most popular
debit payment method,” said Chakib Bouda, CTO of the Rambus
Payments Division. “This partnership allows more than a million
consumers to enjoy secure mobile payments using Apple Pay,
leveraging our proven EMV tokenization software for trusted
transactions.”
The Rambus TSP technology replaces traditional primary account
numbers (PAN) with unique identifiers called payment tokens. By
integrating the Rambus tokenization software, participating eftpos
members can use eftpos debit cards with Apple Pay for
increased protection.
“Our partnership with Rambus gives us the ability to accelerate
our secure mobile payments strategy and support Apple Pay,” said
eftpos Acting CEO, Paul Jennings. “We are excited to move from
our traditional card based payment method into
mobile, offering our members in Australia the opportunity to
benefit from the convenience and security of Apple Pay.”
Security and privacy are at the core of Apple Pay. When
customers use eftpos debit cards with Apple Pay, the actual card
numbers are not stored on the device, nor on Apple servers.
Instead, a unique Device Account Number is assigned, encrypted
and securely stored in the Secure Element on your device. Each
transaction is authorized with a one-time unique dynamic security
code.
For more information on Apple Pay, visit
apple.com/apple-pay.
The Rambus TSP is a comprehensive software platform that offers
different solutions within the tokenized payment
infrastructure.
For more information on Rambus mobile payment solutions,
visit rambus.com/payments.
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About Rambus Security
Rambus Security is dedicated to providing a secure foundation
for a connected world. Our innovative solutions span
areas including tamper resistance, network
security, mobile payment, smart ticketing
and trusted transaction services. Rambus foundational
technologies protect nearly nine billion licensed products
annually, providing secure access to data and creating an
economy of digital trust between our customers and their
customer base. Additional information is
available at rambus.com/security.
About Rambus Inc.
Rambus creates innovative hardware and software technologies,
driving advancements from the data center to the mobile edge. Our
chips, customizable IP cores, architecture licenses, tools,
software, services, training and innovations improve the
competitive advantage of our customers. We collaborate with the
industry, partnering with leading ASIC and SoC designers,
foundries, IP developers, EDA companies and validation labs. Our
products are integrated into tens of billions of devices and
systems, powering and securing diverse applications, including Big
Data, Internet of Things (IoT), mobile payments, and smart
ticketing. At Rambus, we are makers of better. For more
information, visit rambus.com.
Source: Rambus Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20171017006886/en/
SHIFT Communications for RambusLeslie Clavin,
415-591-8440lclavin@shiftcomm.comorRambus Corporate
CommunicationsCori Pasinetti, 408-462-8306cpasinetti@rambus.com
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