G+D Mobile Security Provides Mobile Payment Solution for Erste Austria
November 2017 by Marc Jacob
Erste Bank und Sparkassen recently launched within their “George Go” app the first Mobile Payment Wallet in the Austrian market based on HCE (Host Card Emulation) technology. It is powered by G+D Mobile Security’s Convego CloudPay solution and initially supports Mastercard and at a later stage also other card products of the portfolio. This Mobile Payment solution is the first commercial launch based on the framework agreement between Erste Group and G+D Mobile Security to provide mobile payment solutions to Erste Group issuer banks.
The solution enables Erste Bank und Sparkassen customers to pay at a Point-of-Sale simply by tapping their phone with the pre-installed “George Go” app to the POS terminal. It supports Mastercard products and the related token services (MDES), to enable a convenient and flexible NFC-based mobile payment experience for the bank’s customers.
Erste Bank und Sparkassen chose the world-leading HCE solution Convego CloudPay by G+D Mobile Security for its Mobile Payment platform. Convego CloudPay is the only solution in the market that is readily integrated, qualified and live in multiple commercial setups with both Mastercard MDES and Visa VTS tokenization services. G+D Mobile Security provides Convego CloudPay as a managed service to Erste Group.