G&D Announces TSM Contract with Australia’s Commonwealth Bank
Germany-based Giesecke & Devrient has announced it has won a contract to serve as trusted service manager for Australia’s Commonwealth Bank for the bank’s contactless-mobile payment rollout.
The service includes personalization and lifecycle management of payment applications on secure elements in NFC phones and other devices. That includes provisioning of MasterCard PayPass applications issued by the bank for attachments for the iPhone 4 and 4S, which the bank launched in December.
The iPhone sleeve, the iCarte, made by Canada-based Wireless Dynamics, comes with NFC and embedded secure chips, the latter storing the payment applications. Commonwealth Bank uses the device for its “Commbank Kaching” mobile-payment and banking app. The bank charges consumers A$49.95, plus $5 postage and handling (total US$58.62) for the attachment.
G&D already supplies payment cards and personalization to Commonwealth Bank, including dual-interface contactless cards. It has extended these services to the bank’s mobile payment rollout.
With its growing base of contactless point-of-sale terminals, Australia is also positioned for a launch of NFC-based mobile payment with full NFC phones, though no mobile operator has announced firm plans for one yet.
There are more than 40,000 contactless point-of-sale terminals at present in Australia, and two large supermarket chains, Woolworths and Coles, have said they would equip their stores with contactless readers this year. The Woolworths’ plans extend across its various retail brands and could amount to 30,000 contactless terminals
G&D is also serving as TSM for Turkey’s Yapı Kredi bank for the launch of a PayPass credit application on the iCarte early in 2011. The vendor in December announced it had won a TSM contract with Spain-based Telefónica group, presumably to manage SIM cards for the telco’s planned NFC rollouts in Europe.