Morpho selected by CaixaBank as Trusted Service Management partner for largest NFC mobile payment deployment in Europe
Barcelona, February 24, 2014–Morpho (Safran) today announced that it has been selected by Spain’s leading bank, CaixaBank, to deliver Trusted Service Management (TSM) for mobile payments via Near Field Communication (NFC). This is the largest commercial NFC mobile payment deployment in Europe in terms of customer coverage and number of contactless payments. It is also the first to involve the Subscriber Identity Modules (SIM) of all major Spanish telecom operators.
NFC payments will be accepted by a large base of contactless terminals from various merchants, representing more than 300,000 points of sale in Spain.
For this European first, Morpho will enable the customers of CaixaBank to pay with their NFC phones. Morpho will deliver TSM services which provision the VISA payment application and the bank card data into the customer SIM card with the highest level of security.
The TSM service will be deployed in collaboration with Info-Direct, a card, mobile and direct marketing service provider established in Barcelona and CaixaBank’s leading supplier for card personalization.
Paolo Villasco, Vice President and General Manager Banking Business Unit at Morpho Business Solutions Division said, “The NFC market is entering into a new phase. 2014 will be the starting point for commercial rollouts in Europe and certainly the basis for successful development of the global mobile payment market. As a key industrial player in this area, Morpho is very proud to deliver innovative technologies enabling CaixaBank to launch the biggest NFC commercial service in Europe.”
Josep Artigas, CEO of Info-Direct, said, “With this deployment for CaixaBank, Info-Direct is setting an important milestone. By having Morpho, a worldwide leader in mobile NFC payment transactions, at our side, we have become one of the leading players on the Spanish NFC payment market.”
Morpho, a high-technology company of Safran, is a global leader in security solutions. The company employs approximately 8,500 people in 40 countries and reported revenues of 1.5 billion euros in 2012. Morpho’s unique expertise lies in providing cutting edge security solutions for government identity, public security, critical infrastructure, transportation and business markets. Morpho is the world leader in multibiometric identification technologies, biometric identity documents, Automated Biometric Identification Systems (ABIS) and Explosives Detection Systems (EDS). It is one of the leading suppliers of SIM cards, smart cards, trace detection equipment and gaming terminals. With integrated systems operating in more than 100 countries, Morpho’s solutions simplify and secure the lives of people around the world.
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Info-direct is one of the Spanish leading suppliers for cards personalization together with a lot of services provider for fulfillment and Direct Marketing services. Based in Barcelona with a state of the art facility, is fully equipped with the latest technology in order to accomplish best quality and service levels.
CaixaBank is the Spanish banking sector’s largest institution. Its financial operations date back more than 100 years. The entity, part of the “la Caixa” Group, places strong emphasis on growth, both domestic and international, supported by proven experience in banking sector investments and its characteristic prudence. The Group, overseen by Chairman Isidro Fainé and CEO Juan María Nin and headquartered in Barcelona (Spain), has consolidated its leading position in retail banking thanks to its strong commercial operations, risk-appropriate management, foresight and consistent innovation. CaixaBank supports its customers with interests and trade relations outside of Spain, through strategic alliances with international banking partners, operational branches, representation offices and correspondent banks.