PULSE, Paydiant Partner to Promote Mobile Wallet Adoption (Aug. 1, 2013)
Aug. 1, 2013
PULSE, a Houston-based debit/ATM network and Discover Financial Services company, announced today it’s using Paydiant’s mobile payment platform, enabling PULSE financial institution and merchant partners to “quickly deploy” contactless mobile payment and cash-access capabilities for their customers. Paydiant is a Wellesley, Mass.-based provider of a cloud-based, white-label mobile payment and offer-redemption platform for retailers, banks and payment processors.
Paydiant’s software-based mobile wallet platform works with new and existing smartphones, and doesn’t require participating merchants to buy new POS hardware. The Paydiant mobile wallet application is enabled through a scalable, secure cloud-based system that does not store any sensitive account information on the mobile device or pass account data through the retail environment, according to an announcement. Every transaction uses two-factor authentication and tokenization.
“Paydiant’s platform enables us to offer both our financial institution participants and merchant partners their own branded mobile wallet,” said Judith McGuire, PULSE executive vice president of product management. “Paydiant’s unique approach is an important part of PULSE’s overall mobile services strategy.”