Cardtek, DC Payments platform lets users pay by debit without a bank card
By Canadian Vending
By Canadian Vending
Toronto – Payment technology companies Cardtek and DC Payments have teamed up to launch a secure contactless payments platform by the end of the year that integrates with open wallets and lets Canadians make debit payments from a cellphone without using a bank payment card.
Cardtek, a leading payment technologies provider, will launch MSM, a secure mobile payments platform, in partnership with DC Payments, a full-service provider of payment processing and ATM-managed solutions, Cardtek said in a news release.
This contactless payments system, integrated with other open wallets, enables Canadian residents to make debit payments from a cellphone without presenting a bank payment card.
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, beginning with Interac. 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,’ ” said Adel Elassal, managing director Americas, DC Payments, in the release. “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 and marketing for North America. “Utilizing our industry foresight and technical expertise, Cardtek continues to offer a dynamic competitive edge to our customers and partners.”