A new Logomotion solution will allow banks to offer mobile contactless payment capability through customers’ existing handsets. This involves the insertion of the company’s NFC microSD memory card into the phone.

“From the beginning, we knew that for mobile payments, consumers trust banks the most. Also, banks want a fast and secure solution for payment with mobile phones,” says Dave Riffelmacher, CEO, Logomotion. “With LGM Card, banks can drive adoption and regular mobile payment use in the mass market. It removes the technical and business barriers that have prevented banks from turning this opportunity into a commercial reality. Any customer with a phone armed with a microSD card slot can perform mobile contactless payments. It really is that simple.”

The solution is capable of supporting all open payment schemes, such as MasterCard PayPass. This enables issuing banks to transfer their existing personalised card products to the mobile contactless environment and ensures mobile contactless payments made with LGM Card will be accepted at standard contactless PoS terminals anywhere in the world.

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