Paris, October 2015 – AIRTAG, a leading and trusted provider of mobile payment solutions, announces today its partnership with Crédit Mutuel ARKEA for the launch of a mobile contactless payment solution.
The cooperation dates back to June 2014 when Crédit Mutuel ARKEA selected AIRPASS as its Mobile Cloud Based Payment Platform: the solution, provided by AIRTAG, includes a Tokenization Server, a Wallet Management Server, a Mobile Payment Application based on HCE technology and a Crypto Solution to safely store payment credentials on the mobile phones.
To start using the app, the user only needs to enter their activation code. Immediately thereafter, the user receives their virtual payment card on their mobileand can start making payments by mobile phone in any with contactless terminals. Biometric authentication is performed through user’s fingerprint.
This pilot, the first in France, proved to be successful amongst key Crédit Mutuel ARKEA clients and should lead to a national rollout of the solution in 2016.
“After more than 4 years of R&D, our Cloud Based Payment Platform is now ready to hit the market and we are are proud to partner with one of the most innovative bank in Europe” said Jérémie Leroyer Co-founder and CEO of AIRTAG
The solution has been developed using AIRTAG’s product AIRPASS Cloud Based Payment Platform, a white label mobile payment platform dedicated to banks and financial institutions.