Rambus Teams with Google, Interac on Android Pay in Canada

by PaymentsJournal 0

Provider of tokenization software helps secure mobilepayments for Interac debit card users

SUNNYVALE, CA, June 5, 2017 – TodayRambusInc. (NASDAQ: RMBS) announced that it is working withGoogle and Interac Association / Acxsys Corporation, the organizations behindCanada’s leading payment brand, to enable Interac® Debit onAndroid Pay in Canada. Through the Interac Token Service Provider (TSP),which was developed in collaboration with Rambus, Interacdebit cardholders can make secure mobile debit payments, now using Android Pay,through tokenized transactions.

“We’re excited to bring the simplicity and security ofmobile payments to Interac Debit customers with Android Pay,” said PaliBhat, vice president of Payment Products, Google. “Starting today, people willbe able to use their Android device to pay at hundreds of thousands ofcontactless payment terminals in Canada.”

Beyond ease of use, Android Pay is more secure becauseit doesn’t share credit or debit card numbers with the merchant when consumerspay in stores, but uses a virtual account number to represent the card.Additionally, if the phone is ever lost or stolen, consumers can simply useGoogle’s Find My Device feature to instantly lock the device, secure it with anew password, or wipe it clean of their personal information.

Interac Debit is one of the most popularpayment methods in Canada,” said Chakib Bouda, CTO of the Rambus PaymentsDivision. “Our collaboration on the TSP will allow millions of consumers toenjoy secure mobile payments using Android Pay in Canada.”

“We’re excited to bring Interac Debit onAndroid Pay to Canada,” said Debbie Gamble, VP, Digital Product and Platforms,Interac Association and Acxsys Corporation. “The launch of Android Pay isanother example of how we are working to accelerate the growth of digitalpayment experiences in Canada through secure, tokenized digital debit transactions.Such accomplishments are the result of innovative technologies and strongpartnerships, including our collaboration with Rambus.”

For more information on Rambus mobile paymentsolutions, visit rambus.com/mobile-payments.

About Rambus Security

Rambus Securityis dedicated to providing a secure foundation for a connected world. Ourinnovative solutions span areas including tamper resistance, networksecurity, mobile payment, smart ticketingand trusted transaction services. Rambus foundational technologiesprotect nearly nine billion licensed products annually, providing secure accessto data and creating an economy of digital trust between ourcustomers and their customer base. Additional information isavailable at rambus.com/security.

About Rambus Inc.

Rambus creates innovative hardware and softwaretechnologies, driving advancements from the data center to the mobile edge. Ourchips, customizable IP cores, architecture licenses, tools, software, services,training and innovations improve the competitive advantage of our customers. Wecollaborate with the industry, partnering with leading ASIC and SoC designers,foundries, IP developers, EDA companies and validation labs. Our products areintegrated into tens of billions of devices and systems, powering and securingdiverse applications, including Big Data, Internet of Things (IoT), mobilepayments, and smart ticketing. At Rambus, we are makers of better. For moreinformation, visit rambus.com.

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