Rambus, eftpos team up in Australia to support Apple Pay
Rambus Inc. is teaming up with eftpos, the Australian domestic debit network, to help support secure transactions with Apple Pay for users in Australia, according to a press release.
Through integration with the Rambus Token Service Provider technology, eftpos is able to support Apple Pay.
"With millions of eftpos-only debit cards distributed across Australia by its members, eftpos is the country’s most popular debit payment method," said Chakib Bouda, CTO of the Rambus Payments Division, in the release. "This partnership allows more than a million consumers to enjoy secure mobile payments using Apple Pay, leveraging our proven EMV tokenization software for trusted transactions.”
The Rambus TSP technology replaces traditional primary account numbers (PAN) with unique identifiers called payment tokens, according to the release. By integrating the Rambus tokenization software, participating eftpos members can use eftpos debit cards with Apple Pay for increased protection.
"Our partnership with Rambus gives us the ability to accelerate our secure mobile payments strategy and support Apple Pay," said eftpos Acting CEO, Paul Jennings in the release. "We are excited to move from our traditional card based payment method into mobile, offering our members in Australia the opportunity to benefit from the convenience and security of Apple Pay."