{"id":12658,"date":"2017-06-13T08:00:16","date_gmt":"2017-06-13T08:00:16","guid":{"rendered":"https:\/\/projecthermes.wpengine.com\/understanding-mobile-debit-payments\/"},"modified":"2023-06-06T13:49:59","modified_gmt":"2023-06-06T17:49:59","slug":"understanding-mobile-debit-payments","status":"publish","type":"post","link":"https:\/\/innovation.interac.ca\/fr\/understanding-mobile-debit-payments\/","title":{"rendered":"Understanding Security &#038; Mobile Debit Payments"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><section class=\"l-section wpb_row us_custom_e11dece9 height_medium\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_flex valign_top type_default stacking_default\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>Just a little over a year ago, we made the news as the<span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/www.interac.ca\/en\/content\/news\/apple-pay-now-supports-interac-in-canada\/\"> first domestic debit payment network to launch with Apple Pay<\/a> <\/span>and just recently we announced the launch of <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.interac.ca\/en\/content\/news\/interac-debit-on-android-pay-launches-in-canada\/\">INTERAC Debit on Android Pay<\/a> <span style=\"color: #333333;\">&#8211; all of which makes<\/span><\/span> use of the <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/innovation.interac.ca\/digital-commerce\/token-service-provider\/\">INTERAC Token Service Provider (TSP)<\/a><\/span>.<\/p>\n<p>&nbsp;<\/p>\n<p>I\u2019m sure you are asking yourself, just what the heck is a TSP, and why should I care? Well it involves a lot of acronyms and technical payment industry details, but the crux of it is, when you decide to add your card information to a mobile wallet, your actual card details are verified with your bank, and stored in the TSP\u2019s \u201ctoken vault\u201d. We then create new card details and those are what is stored on your phone. This is what we call \u201ctokenization\u201d.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cBig deal,\u201d I hear you say, \u00ab\u00a0What does this mean to me?\u00a0\u00bb We won&rsquo;t put the debit card into the mobile wallet until your bank is satisfied that the person adding the card is indeed you. You can verify your identity by receiving a code through email or text message, by using your banks mobile app, or by calling your bank and answering some questions.<\/p>\n<p>&nbsp;<\/p>\n<p>The security doesn&rsquo;t stop there &#8212; if your phone is ever lost or stolen, you can have the card on your phone disabled by calling your bank, or using a service like Find My iPhone, and your physical card will continue to work. In fact, if you have added your card to other phones of yours, those will continue to work as well.<\/p>\n<p>&nbsp;<\/p>\n<p>Another security benefit is that when you use your debit card with a mobile wallet, the merchant only gets your tokenized card information. The tokenized card information is of no use to the bad guys, because it is tied to your phone and mobile wallet. So even if they get a hold of it, it has no value for them.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n<\/div>","protected":false},"excerpt":{"rendered":"Just a little over a year ago, we made the news as the first domestic debit payment network to launch with Apple Pay and just recently we announced the launch of INTERAC Debit on Android Pay &#8211; all of which makes use of the INTERAC Token Service Provider (TSP). &nbsp; I\u2019m sure you are asking...","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146],"tags":[],"posts_format":[112],"class_list":["post-12658","post","type-post","status-publish","format-standard","hentry","category-tokenization","posts_format-article-fr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Innovation Hub - Understanding Security &#038; Mobile Debit Payments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/innovation.interac.ca\/fr\/understanding-mobile-debit-payments\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding Security &amp; Mobile Debit Payments\" \/>\n<meta property=\"og:url\" content=\"https:\/\/innovation.interac.ca\/fr\/understanding-mobile-debit-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"Innovation Hub\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/interac\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-13T08:00:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-06T17:49:59+00:00\" \/>\n<meta name=\"author\" content=\"Mark Kummerer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@interac\" \/>\n<meta name=\"twitter:site\" content=\"@interac\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Kummerer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/innovation.interac.ca\\\/fr\\\/understanding-mobile-debit-payments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/innovation.interac.ca\\\/fr\\\/understanding-mobile-debit-payments\\\/\"},\"author\":{\"name\":\"Mark Kummerer\",\"@id\":\"https:\\\/\\\/innovation.interac.ca\\\/fr\\\/#\\\/schema\\\/person\\\/c87a31f7c09a3cb525317ebbc9902650\"},\"headline\":\"Understanding Security &#038; 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