The complete NFC solution provided by Oberthur Technologies includes a TSM to deploy and manage the service Over-The-Air (OTA), NFC SIM cards, a Mobile PayPass™ payment application and a convenient mobile wallet allowing end-users to activate their payment cards and view their transactions history from their Samsung Galaxy S3 phones. Banco Santander’s MasterCard payment card will be fully secured by the NFC SIM card, providing higher security than magnetic stripe payment cards that are currently used in Chile. Once the payment card is activated on their NFC SIM cards, the end-user will be able to pay for goods simply by tapping the phones onto contactless payments terminals.
“Following previous NFC initiatives with other affiliates of Banco Santander and Telefónica Groups, the selection for this key project in Chile, the first of its kind in Latin American South Cone, reiterates our trustful relationship. Relying on our technology, they will provide their customers with a secure and convenient mobile payment method,” said Arnaud de La Chapelle, Managing Director, Solutions Business Unit at Oberthur Technologies.