ACI strengthens mobile payments solution with Bell ID lifecycle management technology
Monday, June 18, 2012
New York, N.Y. – June 18, 2012 – ACI Worldwide (NASDAQ: ACIW), a leading international provider of payment solutions, has expanded its partnership with Bell ID, a leader in the field of smart card and token management solutions, to deliver issuance and management of mobile near field communication (NFC) payment tokens for devices equipped with contactless technology, using ACI Token Manager™ for Mobile.
The product is enhanced by ACI’s expertise in providing contactless and mobile payments solutions to some of the largest retailers and financial institutions combined with Bell ID’s leadership in NFC lifecycle management software. It provides over-the-air (OTA) lifecycle management of applications, cryptographic keys and secure elements on NFC enabled mobile devices. The platform can be implemented by organizations choosing to launch mobile payment systems or seeking to add Trusted Service Manager (TSM) capabilities to their offerings.
“For the consumer, mobile NFC payments are seamless and rarely noticed,” said Craig Saks, vice president, Global Product Business Operations, ACI Worldwide. “The infrastructure behind the scenes however is very complex. Due to the increasing importance of mobile payments there is no room for complacency. Mobile payment projects require flexible and dependable solutions that keep them on track. By partnering with Bell ID we are providing a proven, scalable and reliable solution which will help deliver the convenience of contactless and mobile payments with confidence.”
"With the accelerating adoption of mobile payments worldwide, banks need to prepare for a reality where banking cards and payment applications on mobile phones need to co-exist,” said Pat Curran, Executive Chairman at Bell ID. “The joint effort of ACI and Bell ID ensures that these form factors can be managed securely side by side, leading to true customer convenience."
© Copyright ACI Worldwide, Inc. 2012.
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Notes to editors
About ACI Token Manager for Mobile
ACI Token Manager for Mobile supports the lifecycle management of products using smart chip technology, including EMV cards, contactless cards, single and multi-application cards and mobile devices. It provides data preparation and personalization capability for mass token and instant issuance. It supports parameter management, cryptographic key management and application management and provides post-issuance personalization and EMV script delivery. For more information please visit www.aciworldwide.com/tokenmanager. For more information about ACI’s offerings for mobile, please see www.aciworldwide.com/mobile.
About Bell ID
Bell ID is a worldwide technology leader in the field of smart card/ token management solutions, with the largest team in the industry dedicated exclusively to developing software that manages lifecycles, applications and cryptographic keys. Having operated in this highly specialized field for 20 years, Bell ID is a true card and token management expert providing unparalleled knowledge, experience and products to an unrivalled portfolio of customers. Bell ID’s software is used in finance, identity and mobile solutions worldwide.
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 1,650 financial institutions, retailers and processors around the world. ACI software enables $12 trillion in payments each day, processing transactions for 14 of the leading global retailers, and 24 of the world’s 25 largest banks. Through our integrated suite of software products and hosted services, we deliver a broad range of solutions for payments processing, card and merchant management, online banking, mobile, branch and voice banking, fraud detection, and trade finance. To learn more about ACI and the reasons why our solutions are trusted globally, please visit www.aciworldwide.com. You can also find us on www.paymentsinsights.com or on Twitter @ACI_Worldwide.