TORONTO, Aug 12, 2013
Mobile commerce venture EnStream and Desjardins Group, a cooperative financial group in Canada with assets over $200 billion, today announced they have signed an agreement that will enable Desjardins members and clients to download payment cards to NFC enabled smartphones on the Bell, Rogers, TELUS, MTS and SaskTel mobile networks coast to coast.
EnStream’s secure standards-based platform for NFC (Near Field Communication) designed in collaboration with Canada’s wireless providers simplifies the delivery of credentials for financial institutions, card issuers and others. EnStream allows Desjardins to focus on the development of its own branded banking apps and growing customer adoption – without the added time and costs required to ensure compatibility with different wireless networks.
“EnStream’s platform works seamlessly across Canada’s financial institutions and wireless providers,” said Almis Ledas, COO of EnStream. “This gives credit, debit, loyalty and other card issuers the ability to securely deliver credentials to all enabled smartphones in Canada through a single service and business relationship. Since the solution is hosted and operated by BlackBerry, we offer issuers the security and reliability that BlackBerry has come to stand for.”
“EnStream’s standardized platform ensures financial institutions like Desjardins
are able to offer the maximum number of customers a secure means to make mobile transactions from their smartphones, regardless of which wireless operator they use,” said Wade Oosterman, President of Bell Mobility and Residential Services, and Chief Brand Officer at Bell. “EnStream also plays an important aggregator role to enable the delivery of other credentials to the smartphone, such as loyalty cards, transit passes and identity
credentials,” added David Robinson, Vice President of Emerging Business for Rogers.
“From an overall industry perspective, EnStream reduces industry complexity and costs; once integrated into its platform, an issuer is able to leverage Enstream to access the secure element services of all its member operators,” notes Drazen Lalovic, VP Market Planning of TELUS Communications.
Created to deliver secure and reliable payment capability over mobile handsets,
EnStream LP will deliver a common mobile commerce interface between
Canada’s mobile carriers and the Canadian ecosystem for NFC (Near Field
Communication) transactions.EnStream will revolutionize the way Canadians interact when they make purchases with their debit, credit and gift cards, collect loyalty rewards and
access their identification. EnStream will simplify transactions, replacing the need
to carry plastic cards with efficient storage of individual credentials in mobile
devices. EnStream is a joint venture of Bell, Rogers and TELUS.
For further information:
(416) 365-9000 ext 200