MOBILE PAYMENTS: CREALOGIX SUPPORTS THE ACTIVATION OF GOOGLE PAY

Swiss multinational digital banking software
provider, CREALOGIX now supports the activation of credit cards for the Google
Pay mobile payment system within banking apps. This enables banks to offer
their customers a good way to connect credit cards with Google Pay, enabling
them to use their smartphone or smartwatch for contactless payments.

For activation, bank customers will require their
banking app, an NFC-capable mobile phone, a valid credit card, and a current
version of the Google Pay app. To activate credit cards for Google Pay, bank
customers will need to provide one-off approval for their card for the relevant
payment system, and ensure using a TAN, in addition to agreeing to the terms
and conditions of usage for the relevant payment system and/or the respective
bank within the Google Pay app. In this process, a token is used to keep a virtual
credit card on the end device, which can then be used for payment in physical
or online shops.

Martin Unterb”aumen, VP Global Product Management at
CREALOGIX said: “Consumers want convenience plus they want to know that the
convenience does not come at the cost of security. The payment app revolution
is underway and banks must make sure their customers can use this with all the
benefits as part of their personalizable offering, with premium user
experiences along with the peace of mind that security may be the highest priority.
CREALOGIX is working with banks around the world to help their customers
connect with Google Pay without leaving the banking app. This delivers exactly
to the customers' expectations in the mobile banking era.”

CREALOGIX is dealing with the leading global retail
banks to provide the best digital experiences for their customers. The results
of launching more innovative products within weeks, instead of months, has
provided CREALOGIX's banking clients with enhanced customer retention and
increased customer satisfaction.