MDES is a service that allows banks to manage tokenization and digitization, in order to ensure security for every transaction from a variety of connected devices through a tap, touch or click.

The RCB Digital Wallet with Mastercard will be applicable also for RCB’s Luxemburg branch customers.

Igors Golovkins, Head of Card Products Business Development, said that the services are an extension of RCB Digital Wallet.

“Last year, we became the first bank on the island to unveil a Digital Wallet for contactless mobile payments utilizing Tokenization Services through an application,” said Golovkins.

“Now Mastercard holders will be able to use a device for physical payments. All RCB cards can be digitalized for mobile payments with smartphones,” he added.

Aspa Palimeri, Mastercard Country Manager for Greece, Cyprus and Malta, said: “Nowadays consumers want to use smart devices in every aspect of their lives. Mastercard Enablement Service does just that.”

“We are very happy that in cooperation with RCB, we are able to leverage our most advance security technology and provide maximum convenience and safety to our Mastercard cardholders”.

The bank said its Digital Wallet allows customers to add RCB credit and debit cards in digital form on the mobile device in a few steps and pay in stores anywhere in the world with Android smartphones using mobile NFC technology.

Card details are not stored on the mobile device or transmitted during the payment.

RCB said it will “continue to expand its strategic digital transformation program and deliver innovative solutions and services to provide the best user experience for its customers”.

Source: Financial Mirror