Rambus, a company that provides digital security, semiconductor and IP products and services, is teaming with Samsung Canada and Interac Association/Acxsys Corp., the organizations behind Canada's leading payment brand, to help enable Interac Debit on Samsung Pay in Canada.

The Interac Token Service Provider, developed in collaboration with Rambus, now enables Interac users to make secure mobile debit payments through tokenized transactions using Samsung Pay, according to a press release.

"When it comes to mobile payments, we understand the important balance of convenience and security and Samsung Pay provides just that — a simple, secure and convenient seamless mobile payment solution," said Paul Brannen, COO and executive vice president of Samsung Electronics Canada, in the release.