Supporting Apple Pay Integration in Japan
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David Orme, CEO, Rambus Bell ID
With the launch of Apple Pay in Japan, consumers will soon be using their iPhones and Apple Watches to pay for goods and services with a simple touch. Banks are therefore looking to integrate with Apple Pay quickly and efficiently.
IBM Japan – using Rambus Bell ID’s complete token service provider (TSP) technology – will support Japanese banks with Apple Pay integration and mobile payments security across a range of international payment schemes and, importantly, the FeliCa regional scheme.
Issuing banks can now work with IBM Japan to manage the real-time enrollment, provisioning and tokenization needed to offer Apple Pay to account holders. Tokenization removes sensitive payment credentials from the transaction process, replacing them with a ‘token’. This means that it is virtually worthless if intercepted by fraudsters, as the token can only be mapped back to a customer’s original account details by authorized parties.
Rambus Bell ID’s TSP solution also supports customer enrollment through authorized third-party apps. This gives greater flexibility, choice and convenience to end-users as, for example, they have the option to authenticate themselves using existing credentials in their mobile banking application.
We are excited to be involved in this project as well as a wide range of other TSP implementations around the world.
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.
