America First Credit Union,
Banco Popular de Puerto Rico first
to pilot contactless mobile payments with secure card onboarding
via the ATM
NORTH CANTON, Ohio,
Oct. 21, 2015 /PRNewswire/ --
Diebold, Incorporated (NYSE: DBD), in partnership with SimplyTapp,
a mobile near field communications (NFC) payment and host card
emulation (HCE) technology company, are continuing to securely
connect the digital and physical worlds of cash with a secure,
white-label mobile wallet offering. Through a highly unique and
secure card onboarding process, XPRESSION™ SafeLoad, Diebold's
Mobile Cash Access solution reduces fraud by using the inherently
secure architecture of the ATM network to onboard the user's card
through the use of standard card present PIN-secured
technology.
Logo -
http://photos.prnewswire.com/prnh/20080725/DIEBOLDLOGO
Unlike other mobile wallets that do not need a card to be
present—but instead allow consumers to take a picture of the card
or manually enter the card's digits to upload—Diebold's
patent-pending process requires the card to be inserted into the
ATM's card reader and be authenticated via PIN entry.
To enroll, the consumer approaches the ATM, inserts their card
and enters their PIN as normal, which is the most secure
transaction type available today. On the ATM screen, they are given
the option to enroll in their financial institutions' mobile
wallet. Once they choose this option, they enter their mobile phone
number and receive a text message with a link to download the
application. Automatically, the consumers' card data is securely
encrypted in the form of tokens and transferred from the ATM to the
card issuer's secure, virtual cloud via SimplyTapp's HCE solution.
This allows the consumer to immediately start using the NFC
tap-to-pay functionality on their phone, which can be done at the
ATM or any point-of-sale device that accepts contactless
payments.
In a recent study, 62 percent of consumers are concerned with
mobile payments security1, but overwhelmingly prefer and
trust banks to manage their financial data2. This
white-label offering enables financial institutions to securely
promote mobile integration and control the user experience and
data. It also empowers financial institutions to remain competitive
by offering an exclusive solution in the growing payments
space.
"Consumers these days carry cash, cards and a phone; how can
they securely use these together? We brought our knowledge of
authentication, security and ATM transaction processing to provide
a better, more secure consumer experience," said Alan Kerr, Diebold executive vice president,
software. "From hardware and software to services and security, we
have the knowledge and experience to orchestrate the most advanced
experiences the industry has ever seen: secure, convenient card
onboarding to a mobile payments app, followed by instant NFC access
at both point-of-sale and the ATM."
"SimplyTapp believes extending consumer relationships through
mobile devices is critical to the future of banking," said
Doug Yeager, SimplyTapp chief
executive officer and co-founder. "Together with Diebold's secure
self-service technology and our leading Cloud Token Solution, the
need for highly secure authentication and card onboarding can now
be fully realized at the convenience and familiarity of a bank's
ATM."
Currently in live pilots with customers globally, the new
solution creates a truly unique and secure mobile wallet
application available at the ATM.
"Being based in the Salt Lake
City metropolitan area, we have a deep breadth of experience
with a number of mobile and contactless technologies," said
Brice Mindrum, America First Credit Union, head of mobile
services. "We have been waiting for a mobile payment solution that
also incorporates cardless access at the ATM in a way that supports
and extends our brand to manage card onboarding more
effectively."
"This solution is part of a productive and ongoing co-innovation
partnership we have with Diebold that helps keep us at the
forefront of new technologies and supports our leadership position
in our market," said Rachid
Molinary, vice president of digital strategy for Banco
Popular. "This type of solution positions us to support our
existing customers while enabling us to explore additional
value-added services for unbanked and underbanked consumers."
Diebold will showcase this solution at booth #1831, Oct. 26-28 at the 2015 Money 20/20 Conference in
Las Vegas. Pending completion of
successful customer pilots, this solution will be commercialized
for market in early 2016.
About America First Credit
Union
America First is
one of the largest, most stable, and most progressive credit unions
in the country, and has remained a member-owned, not-for-profit
cooperative financial institution since its inception over seven
decades ago. From low-rate loans and free online services, to
mortgages and free checking accounts, America First offers a vast array of tools
allowing you to manage your money, in the manner you desire. For
more information, visit www.americafirst.com, America First Credit Union on Facebook, Twitter,
@AmericaFirst on Instagram and Pinterest.
About Banco Popular de Puerto
Rico
Founded in 1893, Popular, Inc. (NASDAQ: BPOP) is
the leading banking institution by both assets and deposits in
Puerto Rico and ranks among the
top 50 U.S. banks by assets. In the
United States, Popular has established a community-banking
franchise providing a broad range of financial services and
products with branches in New
York, New Jersey and
South Florida, operating under the
name "Popular Community Bank".
About SimplyTapp
Founded in 2011 in Austin, TX, SimplyTapp's mobile NFC payment
technology enables credit card issuers and developers to leverage
mobile devices for proximity payments and other real-world
transactions. SimplyTapp's technology powers payment functionality
for Android, Windows or BlackBerry devices for card-issuing banks
and provides a simple and secure transaction environment for
industries including retail, transit, ticketing and hospitality.
Visit SimplyTapp at www.simplytapp.com.
About Diebold
Diebold, Incorporated (NYSE: DBD)
provides the technology, software and services that connect people
around the world with their money - bridging the physical and
digital worlds of cash conveniently, securely and
efficiently. Since its founding in 1859, Diebold has evolved
to become a leading provider of exceptional self-service
innovation, security and services to financial, commercial, retail
and other markets.
Diebold has approximately 16,000 employees worldwide and is
headquartered near Canton, Ohio,
USA. Visit Diebold at www.diebold.com or on
Twitter: http://twitter.com/DieboldInc.
1 2015 Federal Reserve Study
2 Accenture report:
https://newsroom.accenture.com/industries/banking/north-american-consumers-overwhelmingly-trust-banks-to-securely-manage-their-personal-data-according-to-accenture-report.htm