Based on G+D's Convego CloudPay solution, de Volksbank will provide mobile wallet applications for its customers using Android NFC phones. The mobile wallet supports all Mastercard and Visa branded debit cards issued by the banks of the group. Users can apply for a mobile card for the wallet. The cards are then tokenized by the payment scheme (i.e. Mastercard or Visa) and delivered securely over-the-air by the G+D Convego CloudPay service to the mobile phone of the customer. Users can pay with this mobile card at any contactless enabled POS terminal.

The combination of Mastercard and Visa branded cards in one solution is one of the first implementations of this kind worldwide. Consumers benefit from the quick enrolment and speedy delivery of the mobile payment card – independent of time and place - in only a few seconds.

"G+D Mobile Security operates a service, integrating and connecting de Volksbank and its wallet to the token services of the payment schemes,” said Carsten Ahrens, CEO of G+D Mobile Security. “With our solution for the different brands of de Volksbank group, G+D Mobile Security is pioneering a project where both Mastercard and Visa token services are enabled for the bank’s HCE wallet at the same time."

About G+D Mobile Security
G+D Mobile Security is a global mobile security technology company headquartered in Munich, Germany. The company is part of the Giesecke+Devrient group. G+D Mobile Security has a workforce of 5,800 employees and generated sales of approximately EUR 860 m in the 2016 fiscal year. More than 50 sales and partner offices as well as 20+ certified production and personalization sites and data centers ensure customer proximity worldwide.

G+D Mobile Security manages and secures billions of digital identities throughout their entire life cycle. Our products and solutions are used by commercial banks, mobile network operators, car and mobile device manufacturers, business enterprises, transit authorities and health insurances and their customers every day to secure payment, communication and device-to-device interaction. G+D Mobile Security is a technology leader its markets and holds a strong competitive position. For more information, please visit: www.gi-de.com/mobile-security

G+D Mobile Security expects to benefit particularly from CPS Technologies’ high-tech bank card personalization and service management center. CPS Technologies provides delivery and card personalization, identification, transport and loyalty services. The company was founded in 1992 and is based in Craponne, France (close to Lyon). Since end of 2012, CPS Technologies operated as a subsidiary of Safran Morpho.

“With the acquisition of CPS Technologies, G+D Mobile Security underlines its strategic commitment to the French payment card market,“ states Carsten Ahrens, CEO of G+D Mobile Security. “We are looking forward to leveraging the strong service capabilities of CPS Technologies combined with our innovative digital payment solutions. By developing our local personalization capabilities, French bank customers can directly benefit from fast reaction times and fast deliveries in line with the service commitment and technical leadership of G+D Mobile Security.”

“We consider this acquisition as a unique opportunity and we are happy to join a global technology leader in payment and communication,“ says Philippe Delanoue, CEO of CPS Technologies. “We share many values with G+D Mobile Security – trust, reliability, high sense of quality – and our entire team is convinced that jointly we will bring additional value to the market.”

About Giesecke+Devrient
Giesecke+Devrient (G+D) is a global security technology group headquartered in Munich, Germany. Founded in 1852, the Group has a workforce of 11,300 employees and generated sales of approximately EUR 2,1 billion in the 2016 fiscal year. 72 subsidiaries and joint ventures in 32 countries ensure customer proximity worldwide.

G+D develops, produces, and distributes products and solutions in the payment, secure communication, and identity management sectors. G+D is a technology leader in these markets and holds a strong competitive position. The Group’s customer base mainly comprises central and commercial banks, mobile network operators, business enterprises, governments, and public authorities. For more information, please visit: www.gi-de.com.

TAK is a solution that enables developers to build in robust security that is specific to the application during the design phase. Developing with TAK provides the best possible security, while remaining non-intrusive to the end user – a critical feature of apps in the FinTech market for example, where payment must be secured at all points. TAK’s features include active feedback, device fingerprinting, and advanced lifecycle security. The ability to develop security critical applications on a standard platform offers flexibility across a wide range of devices.

The solution won a “Best in Show” award recently at the Payments Summit show in Orlando, Florida, hosted by the Secure Technology Alliance. In addition to the financial services market, TAK has been gaining considerable traction in the area of mobile transit.

G+D Mobile Security will be showcasing TAK at a number of upcoming events around the world:

- Global Public Transport Summit UITP in Montreal, Canada from 15 to 17 May
- 15. German IT Security Congress in Bonn, Germany, from 16 to 18 May
- Money 2020 Europe in Copenhagen, Denmark from 26 to 28 June
- Mobile World Congress Shanghai from 28 June to 1 July
- CODE Jahrestagung 2017 in Munich, Germany, from 22 to 23 June

“G+D is proud to present its unique TAK solution to a large number of potential customers and partners across market segments,” said Dr. Christian Schläger, Head of Product Management Cyber Security at G+D Mobile Security. “TAK is a layered security tool that protects against code manipulation, network sniffing, and impersonation among other threats. Its server component allows for dynamic, remote security management throughout an app’s lifecycle – a critical feature as new payment and ticketing form factors become prevalent and consumers are able to load credentials on-demand from their mobile devices.”

About G+D Mobile Security
Giesecke+Devrient (G+D) is a global security technology group headquartered in Munich, Germany. Founded in 1852, the Group has a workforce of 11,300 employees and generated sales of approximately EUR 2.1 billion in the 2016 fiscal year. 72 subsidiaries and joint ventures in 32 countries ensure customer proximity worldwide.

G+D develops, produces, and distributes products and solutions in the payment, secure communication, and identity management sectors. G+D is a technology leader in these markets and holds a strong competitive position. The Group’s customer base mainly comprises central and commercial banks, mobile network operators, business enterprises, governments, and public authorities. For more information, please visit: www.gi-de.com.

“We thank Mr Auerbach for his great commitment and service over the past four years, and wish him all the best for the future”, stated Ralf Wintergerst, Chairman of the G+D Management Board. “He made a crucial contribution to establishing Mobile Security’s reputation in our markets as a leading supplier of security products and solutions for mobile applications”.

Stefan Auerbach joined G+D in 2013 as Head of Mobile Security and Member of the G+D Management Board. Under his leadership, Mobile Security significantly increased its profitability. In addition, he successfully prepared the legal separation of the Mobile Security business unit.

Carsten Ahrens, previously Chief Sales and Marketing Officer at Mobile Security, is taking on the role as Chief Executive Officer (CEO) of the G+D Mobile Security subgroup with immediate effect.

Mr Ahrens joined G+D four years ago as head of the 3S division, before taking over the Telecommunications Industries division in 2016. He has over 20 years of experience in management positions at international telecommunications and IT companies, such as Ericsson, Atos and Funkwerk AG.

- These certified by Visa devices have an initial balance to be used in shops in Barcelona and worldwide
- There will be 936 million people using this technology to make payments by 2021, and the value of transactions will exceed 471,000 million euros

They integrate a security chip based on Java technology where the CaixaBank payment application has been installed as well as an initial balance. G&D customers can verify its simplicity of use when making small payments in a great variety of shops in Barcelona. In addition, since it is a certified by Visa product, the wristbands can be used to pay in any country around the world. Its operation is similar to that of a prepaid chip card.

Apart from payments, the new wearable device can also be used as a building access control system or as a public transport card thanks to the NFC contactless technology and various mobile applications.

According to G&D, the payment business is going to undergo a strong transformation and mobile payments will experience an exponential growth in the short term. In fact, according to the company, there will be 936 million people using this technology to pay for their purchases in 2021, being the value of the transactions 471,000 million euros. That will require higher levels of security, instantaneity and ease of use in all channels.

About Giesecke & Devrient
Giesecke & Devrient (G&D) is a leading international technology provider headquartered in Munich, Germany. Founded in 1852, the Group has a workforce of about 11,400 employees and generated sales of approximately EUR 2 billion in fiscal year 2015. Fifty-eight subsidiaries and joint ventures in 31 countries ensure customer proximity worldwide.

G&D develops, produces and distributes products and solutions in the payment, secure communication and identity management sectors. G&D is a technology leader in these markets and holds a strong competitive position. The Group’s customer base comprises mainly central and commercial banks, mobile network operators, business enterprises, governments and public authorities.