- Certified for HCE and Tokenization based contactless mobile payment solution


    Comviva (https://www.comviva.com/), a global leader in digital financial 
solution, today announced that it has been certified by Visa as an Issuer Token 
Service Provider (I-TSP). Comviva was earlier certified as a Token Requestor 
Token Service Provider (TR-TSP) by Visa ( 
https://investor.visa.com/news/news-details/2017/Visa-Expands-Global-Network-of-Providers-to-Drive-Acceleration-Into-IoT-Payments/default.aspx) 
in June 2017. The Visa I-TSP and TR-TSP certifications are for Comviva's 
mobqiuity(R)( 
https://www.comviva.com/products-solutions/financial-solutions/digital-banking-mobiquity-banking-suite/) 
platform that leverages Host Card Emulation (HCE) technology and Tokenisation 
to deliver swift, secure, frictionless and convenient contactless mobile 
payment to customers. HCE enables the customer to have a digital version of the 
credit or debit card in their mobile phone, and tap the mobile phone at 
payWave/payPass certified POS machines to make the payment. Tokenisation masks 
card details to ensure that payments are executed in a secure manner.

    
    Digital card payments like eCommerce payments, mobile tap and pay at 
merchant POS and in-app payments are growing rapidly and so is the need for 
better security of transactions. Tokenization services like Visa Token Service 
(VTS) make card transactions secure by replacing sensitive card details with a 
unique digital identifier called a token. The token allows payment to be 
processed without exposing actual card details. 
 
    
    Visa is accelerating the adoption of secure digital payments using 
Tokenization, by allowing approved third party partners called Token Service 
Providers (TSPs) to provide access to the Visa Token Service (VTS). TSPs are 
connected to VTS and help Token Requestors (TRs); which includes entities like 
digital wallets, digital payment apps, payments enablers and merchants to 
enable Tokenized payments. Comviva is a Visa certified TSP. There are two TSP 
types: Token Requestor TSP (TR-TSP) and Issuer TSP (I-TSP). TR-TSP enables 
Token Requestors to develop digital payment solutions leveraging VTS. I-TSP 
provides solutions for financial institutions in participating token 
requestor's digital payment services. Comviva's mobqiuity(R) platform now 
offers both TR-TSP and I-TSP solutions certified for usage with VTS. 

    
    Expressing his delight at receiving the certification, Srinivas Nidugondi, 
EVP and COO, Mobile Financial Solutions at Comviva, said, "We are happy to 
complete all evaluation requirements of Visa Ready TSP program and achieve 
I-TSP certification. With both I-TSP and TR-TSP certifications, mobqiuity(R) 
can now offer issuing banks, financial institutions and third party digital 
wallet providers a full-scale, comprehensive contactless mobile payment 
solution leveraging HCE and Tokenization. We like to thank Visa for their 
support and providing us opportunity to be part of their TSP program."
    
    "Tap and Pay contactless payments are hygienic and safe and hence are 
growing in popularity during the current pandemic," he further added.

    
    Comviva's mobiquity(R) HCE and Tokenization solution has been deployed by 
multiple banks and card issuers globally. SBI Card, one of the leading credit 
card issuers in India, has deployed mobiquity(R)'s HCE and Tokenization 
solution in October 2019 to offer contactless mobile payment service SBI Card 
Pay ( 
https://www.comviva.com/press-releases/comviva-leverages-hce-technology-to-power-the-sbi-card-pay-service/).

    
    Note: mobiquity(R) is registered trademark in India only
    
    Press contact: 
    Sundeep Mehta 
    Email: pr@comviva.com
     
    Logo: : https://mma.prnewswire.com/media/995982/Comviva_Logo.jpg 
    
    Source: Comviva