Payment technology

Oberthur Technologies chosen as NFC solution provider by Chile’s Movistar, Banco Santander

Oberthur TechnologiesOberthur Technologies, a smart-card based identification and security firm, announced on Monday that it had been selected by mobile operator Movistar Chile and Banco Santander Chile, Chile’s largest bank, as their trusted service manager and NFC solution provider.

“Following previous NFC initiatives with other affiliates of Banco Santander and Telefónica Groups, the selection for this key project in Chile, the first of its kind in Latin American South Cone, reiterates our trustful relationship,” Arnaud de La Chapelle, the managing director for the solutions business unit at Oberthur, said. “Relying on our technology, they will provide their customers with a secure and convenient mobile payment method.”

The NFC solution includes a TSM to deploy and manage the service, NFC SIM cards, a Mobile PayPass payment app and mobile wallet, allowing users to activate payment cards and view transactions from their Samsung Galaxy S3 phones.

Banco Santander’s MasterCard payment card will be fully secured by the NFC SIM card, and once the card is activated on the NFC SIM card, the user can pay for goods and services by tapping phones on contactless payments terminals.

“A rapid nationwide take-off of the service is expected in the coming years,” Movistar Marketing Director Paula Figueroa said. “We are paving the way to the deployment of other mobile contactless services besides payments, such as transport and loyalty programs. This joint trial with Banco Santander and Oberthur Technologies represents a real step forward in the deployment of NFC in Chile, and more generally across Latin America.”

Comments are closed.