Fidesmo, a key player focused on providing secure and convenient contactless services, is pleased to announce the completion of its integration between Fidesmo Pay and Mastercard’s Token Connect service, also known as MDES Token Connect.
This partnership sets the stage “for a new level of security and convenience in digital payments and marks Fidesmo Pay as the first tokenization platform for passive wearables to successfully implement Mastercard’s latest innovation.”
Furthermore, Fidesmo is pleased to “reveal its first issuer partner for this advanced integration — VIMpay, a prominent German neobank.”
Mastercard’s Token Connect (MDES Token Connect) offers “a secure environment for card issuers, enabling them to offer customers a seamless and secure method for digital payments across various platforms. By tokenizing card information, the technology safeguards sensitive cardholder data and diminishes the risk of fraud.”
Mattias Eld, co-founder of Fidesmo, said:
“At Fidesmo, our vision has always been to simplify access to secure and convenient contactless services – especially payments. Working closely with Mastercard allows us to accelerate this vision on a grand scale. Our integration with MDES Token Connect not only elevates our platform but also differentiates us by offering a new dimension of adaptability and security. This strategic development places Fidesmo in a unique position to enable issuers to effortlessly adapt to an ever-evolving digital landscape, thereby fulfilling our commitment to making contactless transactions universally accessible and secure.”
With the integration of MDES Token Connect, Fidesmo advances its mission to enhance contactless transactions, “adding an extra layer of security while making digital payments more convenient than ever before.”
The feature will be rolled out “across Fidesmo’s network, making it easier for issuers, like VIMpay, to adopt cutting-edge tokenization technology.”
As the first issuer partner to leverage Fidesmo’s new integration, VIMpay stands at the forefront of neobanking and mobile payment solutions in Germany, “embracing an enhanced digital experience for its customer base.”
The collaboration enables VIMpay customers to “benefit from tokenized digital payments, ensuring a high level of security while maintaining ease of use.”
Dr. Peter Schönweitz, managing shareholder of petaFuel GmbH and PayCenter GmbH:
”At VIMpay, we constantly strive to make our mobile payment and banking app even more innovative and secure. MDES Token Connect is an innovative solution to increase the security of seamless digital transactions and reduce fraud risks. This feature optimises the activation and management process of wallets in the VIMpay app. It enhances the user experience and makes digital payments as simple and secure as they should be. The partnership with Mastercard and Fidesmo on this project was straightforward and enabled us to quickly offer the Token Connect solution to our users.”