COLOMBES, France--(BUSINESS WIRE)--Oberthur Technologies, one of the world’s largest providers of security, identification solutions and services based on smart card technology, today announced its selection by Movistar Chile, a major mobile operator in Latin America, and Banco Santander Chile, one of the largest retail and commercial banks in Latin America, to be their Trusted Service Manager (TSM) and provide an end-to-end solution for their Near Field Communication (NFC) pilot. After the initial trial with selected end-users and participating shops in the Santiago area, the service will be opened throughout Chile with 5,000 compatible payment terminals expected by the end of the year.
The complete NFC solution provided by Oberthur Technologies includes a TSM to deploy and manage the service Over-The-Air (OTA), NFC SIM cards, a Mobile PayPass™ payment application and a convenient mobile wallet allowing end-users to activate their payment cards and view their transactions history from their Samsung Galaxy S3 phones. Banco Santander’s MasterCard payment card will be fully secured by the NFC SIM card, providing higher security than magnetic stripe payment cards that are currently used in Chile. Once the payment card is activated on their NFC SIM cards, the end-user will be able to pay for goods simply by tapping the phones onto contactless payments terminals.
“Following previous NFC initiatives with other affiliates of Banco Santander and Telefónica Groups, the selection for this key project in Chile, the first of its kind in Latin American South Cone, reiterates our trustful relationship. Relying on our technology, they will provide their customers with a secure and convenient mobile payment method,” said Arnaud de La Chapelle, Managing Director, Solutions Business Unit at Oberthur Technologies.
“A rapid nationwide take-off of the service is expected in the coming years. We are paving the way to the deployment of other mobile contactless services besides payments, such as transport and loyalty programs. This joint trial with Banco Santander and Oberthur Technologies represents a real step forward in the deployment of NFC in Chile, and more generally across Latin America,” said Paula Figueroa, Marketing Director at Movistar.
“We chose Oberthur Technologies to be our TSM provider for the comprehensiveness of its NFC solution and because of its experience in supplying the required security level for such sensitive services. Banco Santander is dedicated to providing the highest level of security to its customers by leading the simultaneous migration to EMV and NFC,” said Magdalena Assef, Head of Mobile Payment at Banco Santander.
About Movistar Chile
Telefónica is one of the leading integrated telecommunications operators worldwide in providing solutions for communication, information and entertainment, with presence in Europe and Latin America. It operates in 25 countries and has a customer base of over 315.7 million at December 2012.
About Banco Santander Chile
Banco Santander Chile is the largest bank in terms of assets and equity in Chile. The bank has among the highest credit ratings among all Latin American companies. The stock is traded on the New York Stock Exchange (NYSE: BSAC) and the Santiago Stock Exchange (SSE: Bsantander). The Bank's main shareholder is Santander, which controls 67% of Banco Santander. Santander has 503 branches, more than 2.000 ATMs and over 11.713 employees.
About Oberthur Technologies
Oberthur Technologies is a world leader in the field of secure technologies: systems development, solutions and services for smart cards (payment cards, SIM cards, access cards, NFC…) and for secure identity documents, traditional and electronic (identity card, passport, health care card). Created in 1984, Oberthur Technologies employs over 6 000 employees. With 50 sales offices across 5 continents, Oberthur Technologies’ international network serves clients in 140 countries.
For more information: www.oberthur.com
