Cardtek and DC Payments Partner to Introduce Canada's First Mobile Payment Solution for Debit Cards Partnership Enables Financial Institutions' Customers To Make Payments with Their Mobile Phones; Marks Cardtek's First Integration with Leading Open Wallets

IRVINE, California, Nov. 10, 2016 /CNW/ -- Cardtek, a leading payment technologies provider, will launch Mobile Services Manager (MSM), a secure mobile payments platform, in partnership with DC Payments, a full-service provider of payment processing and ATM managed solutions. This contactless payments solution, integrated with leading open wallets, enables Canadian residents to make debit expenditures from a mobile phone without presenting a bank payment card and will be available by the end of the year.

This marks the first time Cardtek has integrated leading open wallet options into its products and will allow DC Payments to offer secure contactless payment services to its financial institution clients.

Cardtek's MSM solution is integrated into DC Payments card management ecosystem as a gateway connecting issuers, DC Payments and a variety of Tokenization Service Providers (TSP), beginning with Interac, Canada's leading payments brand. MSM enables advanced card credential management services including deployment and life cycle management - tuned for the major digital wallets available in the market.

 "We are extremely pleased to use MSM as the foundation of our comprehensive digital credential enablement platform,  'DC Mobile.' MSM is designed to meet today's technology demands, while providing a broad based platform for an expanding set of future digital credentials. These credentials will be used for highly secure contactless payments through point of sale terminals, and support the new breed of in-app and secure ecommerce payments," said Adel Elassal, managing director Americas, DC Payments. "Critically, the MSM allows our financial institution clients to engage in this new range of payment channels without the enormous in-house investment typically required. We provide a wide range of proxy services, like one-time password management, an advanced issuer-controlled risk management engine, and real time access to credential data housed in the MSM vault."

"We have great confidence that this partnership will bring new opportunities and benefits to DC Payments customers," said Emilian Elefteratos, Cardtek EVP sales & marketing for North America. "Utilizing our industry foresight and technical expertise, Cardtek continues to offer a dynamic competitive edge to our customers and partners."

About Cardtek

Established in 2001, Cardtek provides innovative end-to-end payment solutions to more than 150 customers in 25 countries, including financial institutions, processors, telecom operators, personalization bureaus, retailers, terminal and card vendors, and public transportation authorities.

With 15 years of experience in EMV and well established solutions such as Card Management, Transaction Management, Cardtek is also a leading player in emerging mobile payment, open-loop transit, and wearable payment technologies.

Cardtek's award-winning scalable and robust solutions works flawlessly with multiple technologies and platforms, providing full flexibility and a complete set of fast and secure payment solutions that eliminate the need for working with multiple vendors while achieving the highest compliance standards. For more information, please visit Cardtek.com.

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SOURCE Cardtek

For further information: Audrey Sahl, Audrey.Sahl@omalleyhansen.com, +1-646-561-8508


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