Munich, April 19, 2016 – Giesecke & Devrient (G&D) announced today the integration of its Convego CloudPay solution with Visa Token Service (VTS). G&D’s Convego CloudPay solution provides provisioning and life-cycle management services for payment applications on HCE (Host Card Emulation) enabled mobile devices. The relationship with Visa allows G&D to request and provide payment tokens from VTS to Visa issuers’ HCE mobile wallets.
Visa Token Service is a new security technology that replaces sensitive payment account information found on payment cards, such as the 16-digit account number, expiration date and security code, with a unique digital identifier that can be used to process payments without exposing actual account details. Visa Token Service provides an industry standard EMVCo-compliant service for the generation, life-cycle management and processing of payment tokens. Through the connection to VTS, G&D can enable the payment card tokenization in the provisioning and life-cycle management services that G&D CloudPay solution provides to the issuers’ HCE mobile wallets.