BlackBerry Enters the Mobile Payments Management Services Market
Published on: 12th Jun 2014
Note -- this news article is more than a year old.
BlackBerry has signed a 3 year agreement with the Canadaian mobile payments provider, EnStream to offer it secure communications services.
EnStream is a mobile payments joint venture owned by Canadian wireless carriers Bell, Rogers and Telus.
Under the agreement, EnStream will leverage BlackBerry's infrastructure to enable financial institutions and mobile operators to securely provision payment card credentials into any smartphone capable of NFC capabilities.
"BlackBerry has proven through our decades of experience in enterprise mobility that we have the ideal infrastructure and security capabilities to protect users' data when new capabilities such as mobile payments emerge," said John Sims, President of Global Enterprise Services, BlackBerry.
In order to provide the platform for EnStream, BlackBerry needed to protect the sensitive data associated with financial transactions and meet the stringent requirements of the payment industry. This included complying with regulations and earning PCI, Visa and MasterCard certification.