New challenge for TSM project from Google; Credit card providers eye token payments

New challenge for TSM project from Google; Credit card providers eye token payments

By Gareth Vaughan

New technology unveiled by Google has the potential to change the course of the Trusted Service Manager (TSM) project being worked on by New Zealand's major banks, telcos and payments companies, according to Caroline Ada, Visa's country manager for New Zealand and the South Pacific.

Ada told interest.co.nz Google's "KitKat", or Android 4.4, has the potential to remove some of the bottle necks that have frustrated the commercialisation of mobile payments.

"You no longer have the requirement, theoretically, for a trusted service manager, you no longer have the requirement to provision anything on to a secure element or a SIM," said Ada.

This is an abridged version of this article. The full version was published in our email for paid subscribers. See here for more details and to subscribe.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.