UL, a payment security provider, has introduced a new portfolio of services that help banks in Europe prepare for cloud-based mobile payments.
As part of the launch, the company has developed new testing solutions and services to help issuing banks preparing for the implementation of cloud-based mobile payments.
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UL will also offer fully automated environments for testing of enrollment and life cycle management systems to assist process management and testing of digitization of new payment products.
The company said that its advisors will direct banks through the implementation project and assist with technical expertise.
Through UL’s global test centers, issuers can verify interoperability of their new payment products versus a vast collection of acceptance devices representing European contactless infrastructure.
Recently, UL has launched the UL Digital Enablement Test Tool that facilitates process management and testing of the digitization of payment cards according to the requirements of MasterCard and Visa.
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By GlobalDataUL Transaction Security Division executive director Berend van Geffen said: "As cloud-based payments are coming to Europe, we see the payment industry changing rapidly. These new services and tools are developed to prepare European issuers for cloud-based payments."
