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Rambus Collaborates with Samsung Canada and Interac to Help Deliver Samsung Pay in Canada

1st of November 2017

Tokenization allows Canadian cardholders to make secure mobile payments

SUNNYVALE, Calif. – Nov. 1, 2017  Today Rambus Inc. (NASDAQ: RMBS), a leader in digital security, semiconductor and IP products and services, announced that it has teamed with Samsung Canada and Interac Association / Acxsys Corporation, the organizations behind Canada’s leading payment brand, to help enable Interac Debit on Samsung Pay in Canada. The Interac Token Service Provider (TSP), developed in collaboration with Rambus, now helps allow Interac users to make secure mobile debit payments through tokenized transactions using Samsung Pay. With the addition of tokenization, this TSP substitutes sensitive information with unique reference numbers to minimize the risk of fraud.

Samsung Pay, a widely accepted mobile payment solution, is a highly-secure platform that works with three levels of security—fingerprint authentication, card tokenization and Samsung’s mobile security platform Samsung KNOX. Thanks to Samsung’s Near Field Communication (NFC) technology, Samsung Pay works wherever you can tap an Interac card today. Now, with the integration of the Interac TSP, Canadian customers can continue to use Samsung Pay in the most convenient way possible.

Read the full press release here–>

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