Erste Austria chooses G+D Mobile Security for mobile payments
Erste Bank und Sparkassen with its “George Go” app has become Austria’s first mobile payment wallet based on host card emulation (HCE) technology, powered by G+D Mobile Security’s Convego CloudPay solution.
The solution enables Erste Bank und Sparkassen customers to pay at a point of sale (POS) by using their smartphone with the “George Go” app. It initially supports Mastercard products to enable a NFC-based mobile payment experience for the bank’s customers.
The mobile payment solution is based on the framework agreement between Erste Group and G+D Mobile Security to provide mobile payment solutions to Erste Group issuer banks.
According to G+D Mobile Security, Convego CloudPay is the only solution on the market that is readily integrated, qualified and live in multiple commercial setups with both Mastercard Digital Enablement Service (MDES) and Visa Token Service (VTS) tokenisation services.
Video identify yourself
At the start of the year, Erste Bank und Sparkassen offered a new method verifying new customers’ IDs via video. The functionality was developed with specialist provider IDnow.
Erste Bank said, using the IDnow Video-Ident solution, new customers can “identify themselves directly via video chat, thus saving themselves the time and effort involved in visiting a branch office for this purpose”.