US banks will soon be able to instantly personalise mobile phones in branches – allowing consumers to conduct contactless point-of-sale (POS) payments.
US instant issuance technology provider Dynamic Card Solutions (DCS) and m-banking solutions company Tyfone have partnered to develop the service, but are yet to reveal a date for a public launch.
Under the agreement DCS’ mobile personalisation platform CardWizard Perso-to-go personalises cardholder information onto the chip embedded in Tyfone’s SideTap MicroSD memory card.
Both parties claim no over-the-air (OTA) personalisation is required, and CardWizard Perso-to-Go provides instant activation capabilities so the device can be immediately used for contactless point-of-sale purchases, including open-loop channels or closed-loop retail applications.
“Delivering payment convenience for customers will ultimately lead to increased spending, and the mobile phone represents significant potential revenue to card issuers who want to leverage them as payment devices,” said Ron Zanotti, senior vice-president of financial instant issuance for Datacard.
“With CardWizard Perso-to-Go, issuers can easily compliment their card issuance and mobile banking programs in a safe and secure way. Financial institutions who can personalize MicroSD cards at the branch will have direct control over the personalisation process, provide better security of the cardholder’s information, and enhance consumer convenience.”
According to DCS, its platform can personalise any near-field-communication (NFC) form factor at branch level, including contactless stickers, key fobs, and MicroSD cards. It claims the technology meets worldwide security requirements for both EMV and MSD contactless specifications and complies with all Visa and MasterCard specifications.
This is DCS’ first announcement since being acquired by card personalisation provider DataCard earlier this month.