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CPI Card Group is working with digital issuance and wallet platform provider Sequent Software Inc. on CPIMobile, a service to deliver secure digital credentials to near-field communication (NFC)-compatible smart phones. CPI announced Monday. NFC is a two-way protocol that enables mobile devices to share data in a secure environment.
CPIMobile enables bank issuers to participate in all mobile wallet deployments by provisioning credit and debit cards to both cloud-based host card emulation with tokenization as well as smart card and embedded secure element technologies. Host card emulation is a protocol that allows issuers to provision digital cards for mobile payments while bypassing the phone-based secure element. CPI will use Sequent’s digital issuance technology. Mountain View, Calif.-based Sequent says the digital issuance technology complies with the PCI Security Standards Council and EMV standards for over-the-air provisioning of cards to mobile devices. EMV is a chip card standard for payments, managed by EMVCo.
Littleton, Colo.-based CPI also is using Sequent’s Open Wallet Platform application programming interface technology to enable banking apps to become wallets of their own by accessing cards in secure storage to make NFC mobile payments. Banks also can provide that functionality to merchants and other partners to distribute payment cards to multiple apps, Sequent says.
“Banks globally want to be ready to provide secure mobile payment services that cover 100 percent of their customer base, regardless of the underlying technology, and to participate or launch mobile wallets with any partner in any geography,” said Steve Montross, president and CEO of CPI Card Group, in a press release.
