Gemalto to provide digital security for Macau banks

Gemalto, a digital security company based in Amsterdam, Netherlands, will provide digital security to Macau banks through Joint Electronic Teller Services Ltd. (JETCO), according to a company press release. Gemalto provides software application and secure personal devices such as smart cards, and its Ezio Mobile Suit, a developed authentication device application for securing mobile banking services, will be included in JETCO, a bank consortium chartered to develop innovative and secure financial technology services for over 21 member banks in Hong Kong and nine banks in Macau.
Gemalto’s authentication application will provide JETCO with servers for mobile enrolment and provisioning, authentication and messaging, while allowing data encryption and advanced protection against malware attacks for users wanting to make fund transfers from bank accounts to their friends via Peer-to-Peer (P2P) payments using mobile numbers, Gemalto stated in its press release.
“JETCO has been investing in mobile technology in recent years to transform themselves from an ATM network operator to a major player in contactless payment services,” said Suzanne Tong-Li, President for Greater China and Korea at Gemalto in the press release.
“With a wide portfolio of secured mobile banking and payment solutions, we can help JETCO to grow their ecosystem even further, offering next-generation services such as cardless withdrawals and payments, eCommerce and mPOS-based payments.”
JETCO is used by eight Macau banks, including Banco Nacional Ultramarino (BNU) and Bank of China (Macau) and currently operates in more than 3,000 ATMs in Hong Kong, Macau and over 20 cities across Mainland China, according to the company’s website.