Wirecard selects CorFire technology to deploy NFC-enabled payments and TSM solution

This article is brought to you by Retail Technology Review: Wirecard selects CorFire technology to deploy NFC-enabled payments and TSM solution.

CorFire, the mobile commerce business of SK C&C USA and a provider of mobile commerce technology, has announced the collaboration with Wirecard AG, a global provider of payment solutoins, to allow near field communications service (NFC) to enable mobile payments across Europe.

Under the agreement, Wirecard's products and services have integrated CorFire's MPSA, an NFC API stack that allows mobile apps to support NFC secure services such as Visa payWave. In addition, Wirecard has launched its own Trusted Service Manager (TSM) using CorFire's CorTSM product to enable NFC payment for its Visa stored value account products.

"Since the launch of our mobile commerce solution over 10 years ago, CorFire has been at the forefront of bringing mobile commerce solutions to the broader, global market," said Dr. Jae Chung, President and CEO of CorFire. "Aligning with Wirecard is another example of our commitment to accelerating the adoption of mobile payments."

"Wirecard is committed to providing its customers with technology that anticipates consumer and market needs. By adding CorFire to our TSM integration portfolio, our aim is to further enhance NFC connectivity to the leading market participants on the service provider and MNO side," said Susanne Steidl, Managing Director of Wirecard Acquiring & Issuing GmbH. "With CorFire we have added a best-in-class technology solution."