PrivatBank selects Gemalto for contactless mobile payment

Comtex News Network

Sep 30, 2012 (Datamonitor via COMTEX) --PrivatBank, a commercial bank in Ukraine, has selected Gemalto, a provider of digital security solutions, to provide Optelio contactless stickers for commercial mobile payment deployment.

PrivatBank will enable consumers to experience this payment means using any mobile handset. Optelio stickers are available at all PrivatBank branches, and the bank is also distributing the stickers through retailers to increase ease of availability to accelerate market penetration.

Gemalto's Optelio contactless sticker is a microprocessor-based secure personal device that enables PrivatBank to provide its existing customers with an additional payment option on their favorite device, their mobile phone. Optelio has been designed to work on any handset model, combining diminutive size with the communication performance at point-of-sale terminals that are contactless ready.

PrivatBank customers simply attach the sticker to their mobile phone in order to use the contactless feature for small amount purchases. Gemalto also provides personalization service, from the secure installation of confidential payment credentials onto the sticker through to customized packaging. The Optelio contactless sticker has achieved MasterCard certification and complements a full set of Gemalto products and services already available for contactless payment.

"Moving to contactless is more than just changing the technology, it is also changing the long-standing consumer habits" added Jean-Paul Ternisien, senior vice president at Gemalto. "PrivatBank is a financial leader with its sight firmly set on improving the payment experience for its customers, using the most innovative developments in technology. Gemalto's Optelio solution offers a cost-effective option to quickly deploy mobile contactless payment services to PrivatBank's existing customers."

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