Giesecke & Devrient has integrated Convego CloudPay product into Visa Token Service, which provides provisioning and life-cycle management services for payment applications on Host Card Emulation-enabled mobile devices, according to a press release.

Giesecke & Devrient said its relationship with Visa allows it to request and provide payment tokens from the Visa Token Service to Visa issuers' HCE mobile wallets.

The Visa Token Service is a new security technology that replaces sensitive payment account information found on payment cards, such as the 16-digit account number, expiration date and security code, with a unique digital identifier that can be used to process payments without exposing actual account details.

"Integration of our CloudPay solution with Visa Token Service enables us to provide a single service interface to Visa issuers for efficient and secure implementation of mobile payment services, including seamless payment card tokenization," said Edgar Salib, group senior vice president of the financial institutions division at Giesecke & Devrient. "This is a solution based on the industry standards for issuing banks that want to enable their own digital wallets."