NBS Technologies, a leading software provider for financial card personalization, announced on Tuesday it had secured a sale of Xpressi Trusted Service Manager set to take place early this month in Turkey.
The TSM for mobile payments facilitates the process of downloading payment information to a cell phone or merchant payment terminal for transactions, and the technology uses both banking and mobile security systems to ensure the safety of consumer credit card information.
“The mobile payment market is an exciting area of growth and NBS is uniquely positioned to provide a TSM that is a low-cost alternative to enable our clients to meet the needs of their customers,” NBS Software General Manger Mike Fisher said. “This is just the latest TSM solutions NBS has implemented this year. NBS has several years of experience working with Near Field Communication and the TSM is an extension of that expertise.”
NBS, a wholly-owned subsidiary of Brookfield Asset Management, a global alternative asset manager, has provided equipment for card personalization, smart card manufacturing, semiconductor handling equipment and EMV compliance/migration for nearly 40 years.