Dortmunder Volksbank Introduces Payment with Cellphones

Dortmunder Volksbank Introduces Payment with Cellphones

Dortmunder Volksbank Customers can now make payments using the credit card integrated in their smartphones and located in the digital O2Wallet. All they need to do is hold the device up to the payment terminal, making payments particularly quick and convenient. For payments of more than 25 euros, customers must also enter a PIN code to authorize the transaction. The ClassicCard Mobile integrated in their smartphones allows customers to make payments just as securely as with other chip-based credit cards. Acceptance of this product among Dortmunder Volksbank’s customers will be monitored closely to help DG VERLAG decide whether to roll it out to other cooperative banks. The new credit card product is issued by WGZ Bank, which is supervising its introduction by Dortmunder Volksbank.

To use the smartphone credit card, customers must have the digital O2Wallet and be using either the Samsung Galaxy S3 or Samsung Galaxy Ace 2 NFC-enabled smartphone. They will also need an O2mobile contract and related NFC SIM card. Once customers have submitted their application for the virtual ClassicCard Mobile credit card to Dortmunder Volksbank, they receive a notification that allows them to activate the payment service. The Trusted Service Manager operated by G&D then ensures that the payment application and data pertaining to payment and security are transferred via the mobile network to a secure element on the SIM card using a multiply encrypted connection.

“The MasterCard PayPass dual-interface credit card was developed as the first contactless credit card. The paySticker, a small contactless credit card that can be affixed to a handset, is a stepping stone on the road toward mobile payment with cellphones. Now, we have taken the next innovative step and are providing a virtual credit card integrated in the smartphone. The order and delivery process for the ClassicCard Mobile complies with all security guidelines laid down for card products – a success that owes a lot to our collaboration with G&D, which went beyond the TSM service itself,” explained Franz-J. Köllner, member of the executive board at the Deutscher Genossenschafts-Verlag eG.

“Our trusted partnership with DG VERLAG goes back many years. We worked closely together to develop a technology solution on the basis of our tried-and-tested TSM technology, and this has laid the foundation for cooperative banks’ customers to be able to pay quickly and securely using their cellphones,” said Michael Kuemmerle, group executive mobile security and member of G&D’s Management Board. The Munich-based technology group is currently working on the implementation of more than 20 TSM projects worldwide.

Featured

  • Freedom of Choice

    In today's security landscape, we are witnessing a fundamental transformation in how organizations manage digital evidence. Law enforcement agencies, campus security teams, and large facility operators face increasingly complex challenges with expanding video data, tightening budget constraints and inflexible systems that limit innovation. Read Now

  • Accelerating a Pathway

    There is a new trend touting the transformational qualities of AI’s ability to deliver actionable data and predictive analysis that in many instances, seems to be a bit of an overpromise. The reality is that very few solutions in the cyber-physical security (CPS) space live up to this high expectation with the one exception being the new generation of Physical Identity and Access Management (PIAM) software – herein recategorized as PIAM+. Read Now

  • Protecting Your Zones

    It is game day. You can feel the crowd’s energy. In the parking lot. At the gate. In the stadium. On the concourse. Fans are eager to party. Food and merchandise vendors ready themselves for the rush. Read Now

  • Street Smarts

    The ongoing acceptance of AI and advanced data analytics has allowed surveillance camera technology to shift from being a tactical tool to a strategic business solution. Combining traditional surveillance technology with AI-based data-driven insights can streamline transportation systems, enhance traffic management, improve situational awareness, optimize resource allocation and streamline emergency response procedures. Read Now

  • Midtown Manhattan Shooting Kills 4, Including NYPD Officer

    Four people were killed, including a NYPD officer, in a midtown Manhattan shooting on Monday. That’s according to CNN. Read Now

New Products

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.