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

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

  • Survey: 48 Percent of Worshippers Feel Less Safe Attending In-Person Services

    Almost half (48%) of those who attend religious services say they feel less safe attending in-person due to rising acts of violence at places of worship. In fact, 39% report these safety concerns have led them to change how often they attend in-person services, according to new research from Verkada conducted online by The Harris Poll among 1,123 U.S. adults who attend a religious service or event at least once a month. Read Now

New Products

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • EasyGate SPT and SPD

    EasyGate SPT SPD

    Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles.

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.