Oberthur to help power Samsung Pay in Europe later this year
Contracting with Samsung and Oberthur, banks will be able to offer their NFC payment card in the Samsung Pay application.
Oberthur Technologies today announced its partnership with Samsung Electronics for the deployment of Samsung Pay in Europe later this year, according to a press release.
Samsung Pay enables Samsung Galaxy S6 and S6 Edge owners to use their smartphone for contactless payments. The S6 and S6 Edge are all equipped with Oberthur's state-of-the-art NFC-embedded secure element, which is called PEARL by OT.
Contracting with Samsung and Oberthur, banks will be able to offer their NFC payment card in the Samsung Pay application, according to the announcement. Samsung and Oberthur said they will manage all the enrollment, provisioning and lifecycle processes for the banks, enabling issuers to deploy their NFC payment service without major infrastructure investment and with a very fast time to market, according to the announcement.
Both companies said Samsung Pay users will deal with a simple onboarding process to enroll in the service. All the user will need to do is to take a picture of his or her current payment card (or enter its data) and accept the terms and conditions of the service. Once the user has been properly authenticated by the bank, Oberthur will provision the NFC payment card over-the-air in the embedded secure element, and it will automatically be available from the Samsung Pay application.
“We created the Samsung Galaxy S6 and S6 Edge from the ground up to be the most advanced smartphones ever made, not only as superior devices from a design and technological standpoint, but also as powerful enablers for unmatched services," said Dr. Injong Rhee, executive vice president of mobile commerce at Samsung Electronics. "Since the early stage of the Samsung Pay service definition, Oberthur has been a key partner to us, both for their innovative mindset and technological expertise, and for their strong banking customer footprint."