Actu
OT chosen by STET and GIE-CB as their partner to roll out mobile payment in France
June 2016 by Emmanuelle Lamandé
OT (Oberthur Technologies) announced its partnership with STET, the retail payment operator for French and European markets, and Cartes Bancaires CB Group (GIE-CB), the regulatory body for the payment card system, to roll out mobile payment services in France.
In France, banks have commissioned STET and GIE-CB to work together to develop an industrial platform to enable banks to use Mobile payments securely. The two national bodies have chosen to work with OT, a company that has acquired expertise in the field, participating in a range of projects with banks and smartphone manufacturers the world over.
By using OT’s Digital Enablement Platform (DEP), the customers of French banks will be able to use virtual payment cards stored in the digital wallets provided by manufacturers of compatible mobiles.
OT’s DEP is an end-to-end solution that manages enrolment, loading, and configuration on any kind of mobile, as well as the life cycle of payment data (tokens) in digital wallets, no matter the technology and security factors used, whether physical or software-based.
