HPS, a provider of electronic payment systems, has entered into a global partnership with Gemalto to offer an integrated and modular tokenization solution.

The new solution will provide payment services providers with a mobile payment platform that is agnostic of the consumer device.

Available in hosted or on-premise modes, the tokenization solution secures payment credentials across HCE-enabled handsets, secure elements (embedded and SIM) and trusted execution environment (TEE) or any combination thereof.

The offering can be used by any card issuer and any card payment scheme.

HPS Solutions deputy managing director Philippe Vigand said: "Tokenization is the next big step for the payments industry, and will be essential in the fight against fraudulent payments and hackers. Customers will benefit from the combination of Gemalto’s world leading mobile technology, and HPS’ 20 years of experience in the payments market."

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By GlobalData

Gemalto SVP mobile financial services Jean-Claude Deturche said: "With the addition of Gemalto’s Trusted Service Hub, we can now provide a recognized tokenization services across all types of handset security approaches."