As new mobile wallet offerings continue to be introduced as payment options, financial institutions are focused on deploying card programs that are both compatible and secure. To ensure its customers can capitalize on these mobile transactions, Computer Services, Inc.(CSI), a provider of end-to-end financial technology solutions, offers tokenization-support capabilities that allow for participation in the recently announced Android Pay payment service.
Through tokenization, CSI customers can fully participate with all leading mobile wallet providers, including both Apple Pay and Android Pay, by substituting a digital payment token for the consumer’s personal account number (PAN). The tokenization of payment credentials enables CSI customers to provide their cardholders with greater security. With enhanced security features and a growing number of consumers using mobile devices for payments, banks can leverage CSI’s tokenization abilities to broaden their customer base and ultimately provide superior service to cardholders.
“Consumers are moving more and more toward mobile-based payments, and financial institutions must have programs in place that enable them to facilitate these transactions seamlessly,” said Steve Powless, CSI’s chief executive officer. “Our ability to support tokenization for Android Pay demonstrates our commitment to bringing advanced payment capabilities to banks of all sizes, while decreasing opportunities for fraud.”
CSI’s fully integrated payment and mobile banking services empower financial institutions to deliver a secure mobile commerce experience to consumers. Additional mobile card services include CSI’s Card On/Off functionality, which gives consumers greater control over their cards, and mobile remote deposit capture (RDC). While tokenization further complements the bank’s security and risk management practices, CSI supplements tokenization with strong authentication programs, advanced card monitoring services and enterprisewide risk management services to provide comprehensive security on all CSI platforms.