SecurityWorldMarket

15/06/2019

White Label Alliance to define an open standard for payment

Munich, Germany and Paris, France

Considering global market demand for independent and standardised payment solutions, G+D Mobile Security and Idemia have announced their intention to create the White Label Alliance (WLA) to provide a new security solution for next generation payment applications. The solution will be based on White Label EMV specifications and will enable ready-to-deploy solutions for domestic payment schemes and closed-loop worldwide.

The new alliance is a response to the growing global demand for new, next-generation independent payment solutions. By providing global open standards that are governed by an independent body, the White Label Alliance (WLA) ensures that commercial solutions can be built on these specifications enabling innovative and competitive offerings. The White Label Alliance (WLA) aims to enable ready-to-deploy solutions for domestic payment schemes and closed-loop worldwide.

The aim of the White Label Alliance (WLA) cooperation is to design and maintain an open, comprehensive and standardised framework to meet the requirements of open and closed payment systems. Based on the EMV standard, the White Label Alliance (WLA) solution ensures scalability for all technologies: for cards, terminals and mobile devices. Therefore the White Label Alliance is strongly committed to open standards to ensure additional value for the payment ecosystem.

For these reasons, the White Label Alliance (WLA) initiative encourages an ecosystem that enables innovations and competitive offerings based on a worldwide standard.

As the owner of the specifications, the White Label Alliance (WLA) will work on future-proof evolution of the solution being in line with demands of the members. In order to expand the network and to grow accessible payment schemes, the White Label Alliance (WLA) invites all interested payment stakeholders to join.

"The close cooperation of companies such as G+D Mobile Security and Idemia within the framework of the new alliance demonstrates the effort to define new open payment specifications that ultimately benefit all end users. We are also planning to gain more members for the new alliance later this year in order to put our plans on an even broader footing." commented Gabriele Bugat, Head of Financial Services Solutions at G+D Mobile Security.

"Supporting open standards and delivering interoperable solutions has always been a key concern for our company. That is why we are very pleased to be part of this initiative. Based on our extensive experience in the development of EMV technology, we want to play a key role in creating an open alliance which will allow domestic payment networks, transport operators and closed loop retailers to deploy a truly independent solution based on proven technology, with a fast time to market." said Amanda Gourbault Executive Vice President for Financial Institutions activities at Idemia.


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