Monday, May 23, 2022

BlackBerry to supply platform for Canadian payment provider

BlackBerry Ltd. continues to expand the way the can leverage its secure global network .

The company said Thursday it has struck a three year agreement with mobile payments provider EnStream LP to provide a secure platform for smart phone transactions between banks and their customers.

EnStream is a joint venture owned by Bell Mobility,  Rogers Communications and Telus Corp.

BlackBerry said in a statement that EnStream will use the the company’s infrastructure to enable its financial customers, including Royal Bank of Canada, TD Bank Group, CIBC and Desjardins, and mobile operators to securely provision sensitive payment card credentials into any smartphone capable of near field communication (NFC).

NFC allows users to tap a smart phone near a retailer’s wireless receiver or enter a code to pay for goods.


“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,” EnStream chief operating officer Almis Ledas said in a statement. “We expect most major Canadian banks and mobile operators to connect through this platform to meet consumer demand for efficient and safe digital transactions.”

The BlackBerry (TSX:BB) platform is being used to protect financial transaction data and meet the requirements of the payment industry, including  complying with regulations and earning PCI (Payment Card Industry), Visa and MasterCard certification.

 

 

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication. Click this link to send me a note →

Jim Love, Chief Content Officer, IT World Canada
Howard Solomon
Howard Solomon
Currently a freelance writer, I'm the former editor of ITWorldCanada.com and Computing Canada. An IT journalist since 1997, I've written for several of ITWC's sister publications including ITBusiness.ca and Computer Dealer News. Before that I was a staff reporter at the Calgary Herald and the Brampton (Ont.) Daily Times. I can be reached at hsolomon [@] soloreporter.com

Related Tech News

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.