Venyon

• Banking
• Transportation
• Mobile Operators
• Other Application Issuers

NFC applications require Trusted Services

Use of mobile phone for contactless NFC applications transforms the “passive” plastic card into something much more powerful – a mobile device where the applications such as debit, credit or prepaid can be managed online and where the consumer experience can be greatly enhanced thanks to the rich user interface of the mobile devices.

For the reasons such as availability and consumer-friendliness Over-the-Air (OTA) is the preferred way for the provisioning of the payment applications into the consumer’s NFC handset. OTA provisioning is a process whereby the bank can securely download and personalize a payment application into the secure element such as NFC SIM residing on the consumer’s NFC handset. This is where Venyon can help service providers on Trusted Service Manager services.

Venyon TSM services for financial institutions

As a global provider of high-security application management and provisioning services for NFC-enabled mobile devices, Venyon plays an important role in bringing Trusted Service Manager services also to finance and banking sectors. In order to fulfil this role of TSM in NFC ecosystem Venyon operates a secure and versatile service platform, Venyon Trusted Service Platform, to be used primarily for the Over-the-Air provisioning and management of the consumer applications on NFC-enabled mobile devices.

Venyon TSM services for banks supports following features:

• Key management of the bank Security Domain (SD), including e.g. rotation of initial SD keys, if necessary
• Loading of applets into bank Security Domain
• Personalization of payment applications (applets)
• Life-cycle management of the payment applet, such as locking, unlocking, post-issuance scripting and data updates
• Services related to the management of the mobile application, such as mobile wallet, providing the user interface for the usage of payment applications
• Deletion of service provider applets
• Preparation of payment data, if needed
• Multiple interfacing options with banks back-end systems

Venyon enabling all mobile NFC services to a bank

Venyon is able to provide a single interface to TSM services hiding the fragmentation and complexity of different handsets, networks and Secure Elements. Outsourced TSM service avoids significant investments for internal development and operation and Venyon can provide an extensive suite of services covering current and future needs of variety of payment applications and services. Security cannot be compromised in payment and therefore Venyon has certified its TSM processes, facilities and services in order to provide the best-of-class platform for security.


See more of the benefits for selecting outsourced Trusted Services from Venyon here.