EnStream was established in 2005 by Canada’s three largest mobile network service providers – Bell, Rogers and TELUS – to help build and support the developing market for mobile-based digital services and payments.
Most recently, EnStream has leveraged connections to the network operators to introduce a set of cloud-based mobile subscriber identity verification services intended to enhance identity assurance and reduce fraud in a wide range of mobile as well as online services and applications. Intended for bank, credit bureaus, insurance companies, government, utilities, and many other industries, these services help provide timely and accurate verification of mobile subscriber identity and status using mobile as an alternate data set.
EnStream’s earlier results related to mobile payments, involved the creation and launch of a secure platform to allow financial institutions to deliver payment credentials to the secure memory storage on SIM cards. Mobile phones equipped with near field communications (NFC) can now be used to make contactless credit and debit payments on compatible mobile point of sales (POS) terminals. Perhaps most importantly, by working with EnStream, card issuers benefit from a single technical and commercial interface to access devices from all of Canada’s major mobile operators, reducing the cost, complexity and time to market, without sacrificing security and privacy.
EnStream today, supports mobile payments capability for CIBC, Desjardins, President’s Choice Financial, and Scotiabank using mobile devices from Bell, Rogers, TELUS, MTS, Videotron, SaskTel, Virgin and Koodo. EnStream is also the platform behind the UGO wallet service, allowing customers to virtually store and access a wide range of bank, loyalty and gift cards. The EnStream platform is also well positioned to connect to Interac, MasterCard and Visa tokenization services to deliver tokens to SIM card secure elements.
Supported by 84% of major retailer POS terminals across Canada and millions more around the world, mobile payments add convenience and security to payment services. Future tap-to-pay services include mass transit passes and the storage of hotel and car keys, among other applications.