Digital security group Gemalto said that its UpTeq near field communication (NFC) subscriber identity module (SIM) and Allynis Trusted Services Management (TSM) platform will support Brazil’s first mobile NFC payment programme, which is being rolled out by Banco Itaú.
Mobile operator TIM Brasil, which has 70m subscribers, and Banco Itaú are using the security group’s technology to transform smartphones into convenient mobile payment solutions that enable secure, on-the-go transactions by waving the handset close to a contactless payment terminal. Gemalto’s TSM platform aims to enable the secure integration and management of NFC services across Brazil
Gemalto said that its NFC SIM cards and TSM platform simplify and speed up secure mobile transactions, keeping sensitive account data private. As the pilot programme expands, the mobile payments rollout will allow secure, over-the-air (OTA) installation of a wide range of NFC services on mobile devices such as public transportation.
“The pilot in Brazil is an extension of more than 50 successful global deployments of Gemalto’s NFC technology and this is only the beginning in Latin America,” said Eric Megret-Dorne, senior vice president (SVP) of secure transactions at Gemalto Latin America. “The collaboration with strong market leaders such as TIM Brasil and Banco Itaú is a major step forward in rolling out NFC services to the masses in Brazil.”
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.