Provider of tokenization software helps secure mobile payments for Interac debit card users
SUNNYVALE, CA, June 5, 2017 – Today Rambus Inc. (NASDAQ: RMBS) announced that it is working with Google and Interac Association / Acxsys Corporation, the organizations behind Canada’s leading payment brand, to enable Interac® Debit on Android Pay in Canada. Through the Interac Token Service Provider (TSP), which was developed in collaboration with Rambus, Interac debit cardholders can make secure mobile debit payments, now using Android Pay, through tokenized transactions.
“We’re excited to bring the simplicity and security of mobile payments to Interac Debit customers with Android Pay,” said Pali Bhat, vice president of Payment Products, Google. “Starting today, people will be able to use their Android device to pay at hundreds of thousands of contactless payment terminals in Canada.”
Beyond ease of use, Android Pay is more secure because it doesn’t share credit or debit card number with the merchant when consumers pay in stores, but uses a virtual account number to represent the card. Additionally, if the phone is ever lost or stolen, consumers can simply use Google’s Find My Device feature to instantly lock the device, secure it with a new password, or wipe it clean of their personal information.« Back to Member News