Digital transaction processing specialist Carta Worldwide has launched an appliance-based turnkey solution that aims to expedite speed to market for large banks, processors and domestic networks looking to implement secure mobile payments.
Carta’s Token Processing Appliance (TPA) enables HCE and tokenization-based mobile payments deployment with a turn-key solution.
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The company claims TPA is the first ever product available in market that delivers a complete package of requisite components for cloud-based payments — including tokenization — for in-house deployment.
"The combined software/hardware bundle blends the speed and flexibility of cloud-based software as a service (SaaS) models with the security and control of on-premises deployment," the company said in a statement.
Critically, the TPA streamlines testing, certification and on-going updates associated with in-house implementation.
It is compliant with specifications for cloud-based payments and tokenization from EMVCo and the payment networks (schemes). TPA core functions include Tokenization Management, Token Transaction Processing and Management, Credential Management and Provisioning along with SDK- or API-driven Mobile Payment Application integration.
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By GlobalDataThe newly launched product offers multi-tenant architecture allowing multiple programs to cost-effectively share a common private infrastructure in a segregated virtual environment, the company added.
Carta CEO Brian Semkiw said: "The TPA introduces maximum security with minimum complexity. This disruptive new product aligns with our corporate motto: ‘complexity made simple.’"
Carta CTO Rui Mendes said: "Processors and the banks that depend on older platforms have the challenge of adapting legacy code to modern payment requirements. TPA provides an effective bridge to address those challenges."
