Solution Turns Mobile Phones into Mobile Wallets
Giesecke & Devrient (G&D) is introducing SmartTrust Portigo, a comprehensive mobile wallet solution for NFC services and beyond which brings all the functions of an electronic wallet onto a common platform. Portigo is a framework that allows the deployment of various services. These services put not only various payment media, such as debit and credit cards, but also ID cards, loyalty cards, public transport tickets, and access keys for buildings and vehicles in the electronic wallet. Customers can use the applications for these services securely and conveniently from their smartphones. This creates brand new business opportunities for mobile network operators and suppliers of the abovementioned services, for instance banks.
The SmartTrust Portigo solution from Giesecke & Devrient enables payment and other electronic wallet functions to be carried out easily, securely, and flexibly by mobile phone. Users merely have to download a piece of software called Wallet Client onto their smartphones. The Wallet Client establishes a connection to a secure element – the SIM card for example – and to the Wallet Manager, which is provided in the mobile network by the Wallet Issuer. The Wallet Manager allows the Wallet Issuer to conveniently deploy services provided by various NFC service providers and supply them to their customers, who can simply download the corresponding widgets onto their smartphones.
SmartTrust Portigo from Giesecke & Devrient will replace traditional wallets, which nowadays are crammed with different cards: this will see mobile phones taking over the functions of – to cite a few examples – payment cards, travel passes, loyalty cards, coupons, and ID cards that can be used as contactless keys to buildings or vehicles. As well as being very easy to use, the system meets the most stringent security standards.
SmartTrust Portigo comprises three basic elements:
Wallet Client runs on the user’s mobile phone and interacts with a secure hardware element such as the SIM card. Wallet Client will be compatible with all common smartphone operating systems (Windows Phone, iOS from Apple, Android, and Blackberry).
Service providers develop widgets and supply them to the Wallet Issuer for deployment using the network-based Wallet Manager. Downloaded widgets can be flexibly updated, added, and blocked via the mobile network.
The Software Development Kit (SDK) for widgets gives service providers the means of developing new wallet functions and delivering them to users.