NFC for Financial Institutions

Wide-ranging TSM features enable contactless mobile payment

As a global provider of high-security application management and provisioning services for NFC-enabled mobile devices, G&D plays an important role in bringing Trusted Service Manager (TSM) services to the finance and banking sectors.

As a TSM in the Near Field Communication (NFC) ecosystem, G&D operates a secure and versatile service platform, supporting remote Over-the-Air (OTA) provisioning and management of consumer applications on NFC-enabled mobile devices. For reasons such as availability and consumer-friendliness, OTA is the preferred means of provisioning payment applications into the consumer’s NFC cell phone. OTA provisioning is a remote process that enables banks to securely download and personalize payment applications into a secure element such as an NFC SIM residing in the consumer’s handset. This is where G&D can help financial institutions by offering TSM services.

Various payment applications

G&D TSM services for banks support every kind of mobile contactless payment application and use case. The following service features are supported and may be selected by the bank depending on its business needs:

• Key management of the bank security domain (SD), including rotation of initial SD keys if necessary
• Loading of payment applications (applets) into the bank SD
• Personalization of applets
• Lifecycle management of applets, such as locking, unlocking, post-issuance scripting, and data updates
• Services related to management of the mobile application, such as mobile wallet and providing the user interface for payment applications
• Deletion of applets
• Preparation of payment data, if needed
• Multiple interfacing options with back-end bank systems
• Fully integrated customer care, monitoring, reporting, and billing functions

Simple and tailored NFC introduction

G&D TSM solutions enable easy migration to contactless mobile services for financial institutions without compromising security, and support the addition of new mobile financial offerings.

G&D is able to provide a single interface to TSM services, hiding the fragmentation and complexity of different handsets, networks, and secure elements. Outsourced TSM services save significant investment in internal development and operation, as well as in capital expenditure. G&D offers an extensive suite of features, covering both current and future needs for a variety of payment applications and services. Security must not be compromised in payment, so G&D has certified its TSM processes, facilities, and services according to MasterCard and Visa requirements in order to provide the best-in-class platform for security.