London, UK, July 17th, 2017
Today, Pri-Num Ltd., an award-winning United Kingdom-based digital transactions and mobile wallet platform provider, confirmed that it has now successfully migrated VTB Mobile Pay solution to Visa Token Service (VTS). EMVCo tokenization process has been accepted as a worldwide standard for secure digital payments and is attaining traction globally.
Pri-Num believes that it was the right time to transition VTB Mobile Pay, originally implemented by Pri-Num in 2015, to VTS and transform the payment solution to make use of the tokenization tools.
Tokenization is a new type of security replacing sensitive account information with a unique digital identifier – token, which permits payments to be processed without exposing account details.
“Pri-Num is excited to partner with VTB Georgia and to contribute further to the expansion of digital payments in the country,” expressed, Grigoriy Roginsky, Head of Business Development, Pri-Num.
VTB Mobile Pay service makes use of tokenization technology with a help of Prime Tokenization Services Platform® that supports the role of a Token Service Provider as described by the EMVCo specifications.
Prime Tokenization Services Platform® includes onboarding and management, token provisioning, identification and verification, token lifecycle management, mobile app SDK, configuration, maintenance of a token vault and tokenization for custom account services.
“We have already made history with the VTB bank enabling the first mobile payment application in the country and can now support the market with secure tokenization services for a wide array of digital solutions,” added Mr. Roginsky.
As the digital world evolves, Pri-Num continuously develops new and secure digital payment services, promotes consistency envisioned in the industry standards to ensure customers can continue relying on Pri-Num products in the future.
About Pri-Num: Since 2013, Pri-Num Ltd., which stands for Prime Numbers, has become a leading innovator in financial and other add-value mobile services that successfully combine international experience with local knowledge. We pride ourselves on the skilled analysis of the needs of both individual service providers and entire ecosystems.
Our world-class software, Pri-Num Mobile Wallet Platform, is a cloud-based digital enablement platform for secure contactless mobile services for Payments, Loyalty, Transport, Tickets, ID, and more.
Token-ready, we support mobile wallet application services and fully comply with the EMVCo strict security requirements.
With decades of experience at the highest levels of the Banking and Telecommunications (TELCO) industries, our team of Mobile Commerce and IT Experts lead the field in Sector Analysis, Creative Direction, Marketing, and Software Development. All of our IT Developers are Certified Java and Oracle Experts. Discover the future of multi-credential and multi-service digital wallet platforms today by visiting our website.
Topics: VTB, VTB Bank, VTB Mobile Pay