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Carta Worldwide launches cloud-based payments and tokenization

Company claims its the first such service for banks and mobile wallet service providers.

Published

Feb. 26, 2015

Carta Worldwide Thursday announced its Cloud Suite 1.0 for mobile payments, which the company claims is the world’s only full-service cloud-based payments and tokenization product for banks and wallet service providers. 

Cloud Suite 1.0 offers tailored delivery of Carta's cloud-based payments and tokenization technology, including:

  • Pilot and Test Platform: for agile development of mobile payment applications and cloud payment functionality
  • Platform-as-a-Service: Cloud-hosted software for rapid scalable deployment of HCE mobile payment products with flexible roadmap options
  • Software License: for custom in-house implementation

Carta said in a press release a highlight of Cloud Suite 1.0's launch is its Platform-as-a-Service (PaaS) offering, which the company says for the first time ever offers a complete technology product - including tokenization, digital credential management, and a rich developer environment - all as a hosted service. The product supports Host Card Emulation (HCE) NFC proximity payments and remote payments. 

Carta said its PaaS product enables accelerated deployment of cloud-based payments products while minimizing impact on banks’ existing systems. This lowers cost and time associated with testing and certification, and accelerates mobile payment app development.

Rui Mendes, CTO at Carta said: "PaaS and cloud software models have proven to be highly effective across the tech universe – the cloud approach alleviates constraints on internal IT teams and systems. In our experience, in-house software solutions can often be expensive and taxing on internal IT resources. We have always viewed the future of payments as very dynamic, and our PaaS model affords a bank time to get in the market, while at the same time focusing on the 'core' differentiating functions centered around the end-user instead of the 'context' of back-end systems and processes."

Carta said its Cloud Suite 1.0 was designed in-line with the EMVco tokenization standards and is fully compliant with industry cloud-based payments specifications, including MasterCard, Visa and American Express.