G&D Supplies TSM Solution for Mobile Payment in Australia
G&D Supplies TSM Solution for Mobile Payment in Australia
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2012.02.14 09:43
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MUNICH, GERMANY — Australia’s largest bank, the Commonwealth Bank of Australia, is adding multiple mobile phone-based payment options to its range of mobile banking services. Giesecke & Devrient (G&D) is providing the technology to allow secure payments using mobile phones featuring Near Field Communication (NFC). The most important of the components to be provided is G&D’s turnkey Trusted Service Manager (TSM) solution. In its role as Trusted Service Manager, the provider 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. 


In the first phase, Commonwealth Bank is giving iPhone 4 and 4S owners the opportunity to transfer their MasterCard® PayPass™ details onto their smartphone. Since the iPhone does not currently feature an NFC chip for payment via cell phone, a special cover with a Secure Element has been developed for iPhones to enable NFC data transfer. The iPhone cover, which can be ordered through Commonwealth Bank, is hooked up to the iPhone data interface and automatically communicates with the “Commbank Kaching” app installed on the iPhone. This set of mobile payment functions will also be made available to Android users in the next phase.


Over the last few years, Commonwealth Bank has sold numerous mobile technologies in Australia for customers interested in paying via phone. It has supplied the bulk of its customers with contactless dual interface cards which are accepted for making payments at over 42,000 locations in Australia. This will help ensure a speedy launch and acceptance of NFC-based mobile payment functions. The NFC payment application needs to be activated by the user and the NFC capability remains active for 60 seconds thereafter. As for the current dual interface cards, amounts below 100 dollars do not require users to enter a PIN at the point of sale.


“Our Trusted Service Management solutions allow our customers to implement robust and reliable mobile phone payment systems simply and securely via the mobile network,” says Michael Kuemmerle, member of the Management Board and Group Executive of Mobile Security at G&D. As a longstanding partner to banks and mobile network operators, G&D supplies turnkey TSM solutions and takes responsibility for managing the payment function provided over its entire lifecycle. “Our highly secure and certified TSM centers in various regions are an important building block in the NFC ecosystem that will help to speed up the spread of mobile payment systems,” Michael Kuemmerle explained.


Via its local subsidiary G&D Australasia, G&D already supplies cards and personalization services to Commonwealth Bank. David Lindberg, Executive General Manager of cards, payment and retail strategy at Commonwealth Bank, says that the bank’s decision to continue to use G&D for products and personalization was a definite yes because of the quality of service and the cutting-edge technology that G&D is already providing.

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