Cardtek has collaborated with DC Payments, a provider of payment processing and ATM managed solutions, to launch a new mobile payment solution for debit cards in Canada.
The new offering, Mobile Services Manager (MSM), integrated with open wallets, will enable financial institutions' customers to make debit expenditures from a mobile phone without presenting a bank payment card.
The integration of Cardtek's MSM solution into DC Payments card management ecosystem will allow the payment processor to offer secure contactless payment services to its banks customers.
Cardtek said that MSM will allow advanced card credential management services, such as implementation and life cycle management – tuned for the major digital wallets available in the market.
The payment solution will be available by the end 2017.
DC Payments managing director of Americas Adel Elassal said: “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.
"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,” Elassal added.
Cardtek executive vice president of sales and marketing for North America Emilian Elefteratos said: "We have great confidence that this partnership will bring new opportunities and benefits to DC Payments customers.
"Utilising our industry foresight and technical expertise, Cardtek continues to offer a dynamic competitive edge to our customers and partners."