Solution for implementation of service of payment by credit institutions by the mobile phone

The MasterCard payment system and processing center KartStandart (enters into the CFT Group) in December, 2017 started the solution allowing commercial banks to provide service of contactless payment by the smartphone in proprietary mobile banking application.

Engineering development of service and its testing are carried out by specialists of MasterCard and PTs "KartStandart", integration with the customized mobile applications is executed by specialists of Faktura.ru

The solution allows credit institutions based on a technology platform of PTs "KartStandart" and an ecosystem of services of group of companies CFT in the shortest possible time to implement service of payment by the mobile phone without participation of third-party providers. Using it, banks will be able to implement own customized mobile applications for contactless payments with the help smartphones on OS Android.

To begin to use service of contactless payment on MCBP 2.0 technology (MasterCard Cloud Based Payments), it is enough to client to open the application of the bank in the mobile device, to accept the offer to be connected to service and to select the card which to it will be linked. Using the platform of tokenization MDES (Mastercard Digital Enablement Service) the unique token used at contactless payment is created, explained in MasterCard.

On a test stage participated in the project: Mastercard, PTs "KartStandart", RBS provider Faktura.ru and group of credit institutions: Sovcombank, Levoberezhny Bank, Primsotsbank, RNKO "Payment Center". The first transactions from the e-wallets created on MCBP 2.0 technology using the platform of tokenization of MDES are carried out.

Our task as independent processing — timely to provide to partner banks relevant innovation services. The processing platform and an ecosystem constructed based on services of CFT Group allows us to create complete complete solutions and to start them in banks in short terms without technology efforts from credit institutions. We are glad to confirm once again our concept, having implemented the project based on MCBP technology and to give the chance to all our partner banks to start service of payment by the smartphone via their banking applications — Maya Glotova, the director of PTs "KartStandart" (CFT Group) commented on an event.

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