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July 17, 2013updated 04 Apr 2017 4:11pm

SocGen rolls out contactless payment service with Oberthur

France's third largest bank by assets, Société Générale has launched an NFC Visa payment service in Strasbourg using French company Oberthur Technologies Trusted Service Manager (TSM) platform.

By Imogen Rayfield

France’s third largest bank by assets, Société Générale has launched an NFC Visa payment service in Strasbourg using French company Oberthur Technologies Trusted Service Manager (TSM) platform.

The service, whose connectivity will be provided by mobile operators Orange and Bouygues Telecom, will enable customers of the bank to pay using their mobile phone at NFC equipped point of sale terminals throughout the country.

Dual payment cards are already offered by the bank to allow customers to carry out contactless payments.

Head of Payments & Cash Management at Société Générale Philippe Marquetty said: "Oberthur Technologies has historically been one of our main suppliers of payment cards and a partner in the deployment of mobile secure services. We are confident that the company is well-placed to support us in the national launch of our NFC payment service in France."

Oberthur Technologies is currently working with several other players to launch NFC services nationwide.

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