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Morpho acquires mobile payment specialist AirTag
December 2015 by Marc Jacob
Morpho (Safran) has finalized its acquisition of AirTag, a French startup specialized in innovative mobile payment solutions. This latest acquisition further reinforces Morpho’s growth strategy in the digital security market.
AirTag develops secure mobile transaction solutions for banks, payment networks and retail. The company developed AirPass, a "virtual bank card" solution using HCE* (Host Card Emulation) technology and based on a proprietary Tokenization platform (involving a single-use payment token), now being deployed by major players in the e-payment sector. AirTag also offers retail customers an innovative e-wallet service called AirShop, providing payment, loyalty and other smartphone-based services.
For the payment market, Morpho offers identification, digital signature and multi-factor authentication solutions, including biometric authentication, to ensure the security of online transactions from a smartphone or online. By combining their areas of expertise, the two companies will be able to manage the multiple security aspects involved in mobile payments.
*Players in the electronic payment sector have specified the HCE (Host Card Emulation) solution to facilitate the use of contactless mobile payment systems.
