Tuum, a core banking provider, is pleased to announce its new status as a Mastercard Digital Activity Service Provider (DASP), which will reportedly enable seamless integration with the Mastercard Digital Enablement Service (MDES).
This latest partnership announced by Fintech firm Tuum aims to empower both banking institutions and fintech platforms to deliver secure, tokenized digital payments across all major wallets and digital channels—without having the need “for additional third-party integrations.”
LHV, which is one of Europe’s Banking-as-a-Service (BaaS) providers, is currently live with Tuum’s MDES integration, enabling its fintech clients to offer “frictionless,” more secure virtual payments with greater overall efficiency as well as considerable cost savings.
With Tuum’s “out-of-the-box” MDES connector, issuers may now:
- Enable secure digital payments for e-commerce and in-app transactions using digital tokens that replace sensitive card details, significantly reducing the risk of identity fraud.
- Simplify digital wallet integration through a single connection to MDES, streamlining tokenized payments across multiple digital wallets and growing payment channels.
- Reduce operational costs by eliminating intermediaries, allowing issuers to connect directly without additional vendor fees.
- Enhance compliance efficiency as Tuum’s direct integration with MDES removes the need for additional partner due diligence.
- Optimize card lifecycle management, with tokenization processes automatically triggered by issuer card management systems.
Myles Bertrand, Tuum CEO said:
“As digital payments continue to grow, financial institutions need seamless, secure, and cost-effective solutions to stay competitive. By partnering with Mastercard as a Digital Activity Service Provider, and with LHV already live on our MDES integration, Tuum is delivering a future-proof solution that enhances security, simplifies processes, and reduces costs for issuers.”
By integrating directly with MDES, Tuum reportedly ensures that banking institutions as well as fintech firms are able to accelerate ongoing digital payments adoption, “strengthen security, and future-proof their payment infrastructure—all while maintaining full control over the customer experience.”