Yesterday (12 June, 2014), world leader in mobile communications – Blackberry Limited – announced a new 3 year agreement with EnStream LP, a mobile payments combined venture owned by Bell, Rogers and TELUS, in order to provide a secure platform supporting transaction services between users and leading banks.
“BlackBerry has proven through our decades of experience in enterprise mobility that we have the ideal infrastructure and security capabilities to protect users’ data when new capabilities such as mobile payments emerge,” stated John Sims, President of Global Enterprise Services, BlackBerry, in a press release. “Together with EnStream and partners like them around the world, BlackBerry can better reach customers and provide a complete solution for banks with opportunities in the mobile payments space,” he added.
With this partnership, the company states that EnStream will leverage BlackBerry’s infrastructure to enable financial institutions, including Royal Bank of Canada, TD Bank Group, CIBC and Desjardins, as well as mobile operators to securely provision sensitive payment card credentials into any smartphone capable of near field communication.
- The total value of transactions using mobile technology is expected to grow from $35 billion in 2012 to $173 billion in 2017, at a CAGR of 31%, according to Gartner estimates.
- Supporting mobile payments reinforces BlackBerry’s ability to provide unique services that enable enterprise customers deploy secure mobile solutions that help promote productivity among their workforce and drive new revenue streams.
- Working with EnStream demonstrates BlackBerry’s strategy to extend its core enterprise mobility technologies in new and emerging industries.
- In order to provide the platform for EnStream, BlackBerry needed to protect the sensitive data associated with financial transactions and meet the stringent requirements of the payment industry.
- This included complying with regulations and earning PCI, Visa and MasterCard certification.
EnStream, with BlackBerry, is already serving a number of banks and mobile operators, and is becoming a hub for payment credential delivery to smartphones in Canada,” said Almis Ledas, Chief Operating Officer, Enstream LP. “We expect most major Canadian banks and mobile operators to connect through this platform to meet consumer demand for efficient and safe digital transactions.”
“Canada is a leading global region in the adoption of technology and mobile payments, making it a key market for MasterCard innovation,” stated VP of Emerging Payments at MasterCard, Nicolas Dinh, in a press release. “Safe and secure digital transactions are the backbone of our network and mobile payment ecosystem, and BlackBerry’s involvement in the payment chain will help build trust in Canada and abroad,” he added.
“Canada is leading the world in mobile payments adoption and Visa’s continued focus on innovation is underpinned by our commitment to security and reliability,” commented Director of Mobile at Visa, Derek Colfer. “We support BlackBerry’s efforts to offer a secure mobile payment service that will help facilitate mobile payments.”