Enabling the future of digi-payments with Decta & MeaWallet

Today there are a lot of different gadgets that might be used as a payment tool. There are several reasons for that – it is a lot easier to have one device with all the cards and it is more secure to pay. When the card is added to the e-wallet on the device, all of your card data is tokenized, meaning that instead of card details a token (code) is sent to the merchant. Thus, if you pay with an e-wallet, your real card data will be substituted by tokenized data and shared with fewer people. 

Meet MeaWallet – a company that enables payments from any mobile wallet such as Apple Pay and Google Pay, thus increases card usage and improves customer satisfaction. Mea is already connected to the schemes and wallets, which simplifies the process of enabling digital payment for their customers. The integration process is simple since MeaWallet is a certified vendor of Mastercard, Visa and Amex.

DECTA’s provided payment processing services are enhanced by MeaWallet’s hosted solutions. The integration provides the possibility to implement card tokenization functionality (MDES (Mastercard), VTS (Visa)) more quickly and efficiently. Now, due to direct integration between the MeaWallet system and the DECTA payment card solution, the customers who use DECTA as a 3rd party payment processor can easily support several functions. For instance, “in-app push provisioning” for Apple, Google, Samsung Pay allows adding payment cards directly from the mobile app to those wallets. Also, Show Sensitive Card Data in mobile application function which nowadays is a must-have option for payment mobile application.

Santa Kirsbauma, Board Member, Product offering:Tokenization becomes a daily choice for payment methods, and we are happy to partner with MeaWallet. To every business, it is important that such functions are easily accessible and understandable. Their solutions are advanced, but, at the same time, easily integrated into clients account.


Thomas B. Normann, COO and Head of Mea Token Platform:Partnering with DECTA now helps us to broaden and strengthen the reach of our service. With DECTA’s knowledgeable team it was simple to find the perfect solution, since the main values are the same – to provide secure payments, to make it seamlessly understandable for the clients, and find the best-tailored solution for a different type of business.

Our new demo app (sneak peek)

Meapay is enabling SoftPos

Imagine no more payment hassles. Using your own phone as your card-reading POS (Point of Sale). Its cheaper because you don’t need to pay for card-reader POS hardware, AND you always have your POS on you!

This is a perfect match for small businesses. At the café: No more congestion at the counter, when all staff have a POS in their pocket. For the plumber or electrician: no more invoices! As you now have the possibility to take payment as soon as the service is completed. For the customers: no more paying with cash for on-door deliveries when all delivery-drivers have a POS on their phone.  With MeaPay POS there is less paperwork and you and your customers save time and money! Meapay has developed SoftPos: the mobile POS of the future, and we want to give you a little sneak peek of our new app which will be on Google Play soon.

Advancing in payments through partnerships

Advancing in payments through partnerships

Working with mobile and digital payments, it has always been important for us at MeaWallet to have a close relationship to the payment networks, such as American Express, Mastercard and Visa. It is the payment networks – together with other members – that forms the future of payments through EMVco, and the payment networks are the ones implementing the standards. In order to ensure our products are in the forefront of the technology evolution, we have always spent a lot of time and effort working directly with the three major global schemes. This provides us with access to the latest updates, insight and market trends, as well as the ability to help influence the future of payments. We, in our turn, aims to share what we learn with our customers and friends.

The major schemes are also seeing the value of their partners, and have built great partner programs to ensure the flow of information. Today, MeaWallet are part of American Express Global Network, Mastercard Engage and Visa Ready program. A recent press release from Mastercard illustrates how the networks, the partners and the customers benefits from these relationships:

Consumer expectations are evolving more rapidly than ever, and banks, financial institutions and digital players are looking for even more agility in bringing new solutions to market. Mastercard’s global reach and local roots afford it the ability to foster a strong, carefully curated network of technology partners that are qualified based on Mastercard standards and industry requirements. Mastercard is expanding its Engage program to support even more solutions and deliver better learning and promotional opportunities for partners.

Engage identifies, serves and promotes a network of more than 170 strategic partners who comply with Mastercard certification and rules to build and deploy new solutions on behalf of fintechs, banks and merchants. In the first quarter of 2020 alone, Mastercard Engage signed almost 50 new deals with partners such as Antelop, Dejamobile, MeaWallet, Netcetera, and Thales across Europe, Latin America, Asia Pacific and Middle East Africa.

Strengthening the capabilities of technology partners is even more critical during times of crisis, so fintechs can innovate faster and better serve consumers and businesses. Engage has enabled more than 200 million cards to support financial growth and market entry for fintechs around the world. Additional resources are now available for partners through the new Mastercard Engage website.

It has been said that the payments market and technology has changed more the past five years than the 50 years before that. In such rapid-changing environment it is crucial to stay up-to-date to provide relevant services that meet the customer experience that is expected, with the security required. Through great partnerships, this can be achieved.

Webinar: Shaping an innovative mobility and payment service

Join us in this webinar where we will discuss how new technology is helping shaping an innovative mobility and payment service.

There is no doubt that the mobility sector will look significantly different within the next 5 years. Technological advances enabling modern e-cars, ride-sharing and autonomous/augmented driving etc. are reshaping mobility services and individual transportation experiences.

These changes will challenge established business models and revenue streams for existing stakeholders as well as open up opportunities for new stakeholders within the mobility sector. Current mobility providers will need to redefine their role.

Register your attendance

Video: Security for Cloud-Based Payments with Armands Antāns from MeaWallet

Security for Cloud-Based Payments with Armands Antāns from MeaWallet

Earlier this month Armands Antāns (mobile developer) from MeaWallet visited PaymentConf 2020 in Riga, Latvia and had a speach about Security for cloud-based payments.

Mobile payments are ubiquitous and for many they have become a daily necessity. EMV standards are based on Secure Element and many devices do have them. Unfortunately in the real-world access and implementation for this technology is restricted. Major payment networks have designed cloud-based technology to overcome these limitations. There are important security implications regarding the use of payment credentials on open devices where an attacker has full control over the execution platform. This presentation will describe the necessary security concepts and will show an interactive EMV payment analysis.


Here’s the full speach:

MeaWallet sign Merchant Tokenization agreement with Axepta BNP Paribas

30. January 2019 – MeaWallet and Axepta BNP Paribas has entered into an agreement to deliver Multi-Scheme EMV® Merchant Tokenization to the Italian market.

Axepta BNP Paribas, is one of the leading payment service providers (PSP) in Italy. As one of the most innovative PSPs in Italy, Axepta BNP Paribas will enable Merchant Tokenization as a new offering to their customers. After a thorough process considering multiple vendors, the Company selected MeaWallet with their Merchant Tokenization Platform as their partner to provide this innovative service to Italian merchants.

Mea Merchant Tokenization connects merchants, PSPs and acquirers to the Mastercard Digital Enablement Service (MDES), the Visa Token Service (VTS) and the American Express Tokenization Service. This way they can benefit from each of the globally interoperable and scalable tokenization platforms through one easy integration.

What is Merchant Tokenization?

The way we pay is changing. Consumers are now using their PC, smartphones, wearable devices and even cars to buy goods and services. To reduce fraud and to enable faster and more secure checkout, the EMV® schemes (Mastercard, Visa, Amex, Discover, JCB & Union Pay) has launched Merchant EMV Tokenization.

Digital payment solutions provider, MeaWallet, launched last year a new payment tokenization solution for Merchant, that delivers Mastercard, Visa and American Express tokenization services through a single connection.

Up till now merchants and PSPs have stored the personal account number (PAN) in a PCI DSS certified solution. In tokenization the PAN is disconnected from the merchant and replaced with a unique identifier called a payment token. The ‘mapping’ between the real PAN and the payment tokens is safely stored in the token vault. The payment tokens for each merchant has a specific Merchant ID, so the token only can be used by the right merchant. The tokens are using the same transaction flow as the original PAN. In the end, this gives better security, less fraud and an increased buying experience for the consumers.

Mea Merchant Tokenization

A key benefit of Mea Merchant Tokenization is that it enables merchants to ensure its customer’s stored card payment details remain valid throughout the card expiry and reissuance process, without the customer needing to update them manually. This guards against the loss in sales that results from out of date card transactions being automatically declined. In a token-on-file model, the issuer ensures that new cards are automatically mapped to the merchant’s payment token. This removes the need for the customer to update their credentials and thus enhances their buying experience.

Since 2013, MeaWallet has worked with the major payment schemes to deliver their payments technologies to financial institutions” comments Jan Ivar Ljosland, CEO of MeaWallet. “We are very proud to selected as the partner of Axepta BNP Paribas to deliver this innovative service to the Italian market. We see Merchant Tokenization as a natural next step for EMV tokenization and a proof that this technology will truly change the way we pay.

Mea Merchant Tokenization complies to the specifications and requirements of each payment scheme and is delivered as a fully hosted service from MeaWallet’s secure PCI-DSS certified data center.

Tokenization has become a cornerstone of secure digital payments and is the core focus for MeaWallet” adds Ljosland. “We support card issuers, payment service providers and other financial institutions with both the knowledge and the technology solutions needed to simplify their implementation of tokenization services, so they can focus on delivering value added services and other digital features that differentiate them in the marketplace”.

Tokenization replaces sensitive card credentials, typically stored as card-on-file, with a merchant-specific token. In October 2018, Mastercard announced that it will enable token services on all cards by 2020 to make online transactions simple, seamless and secure.

Mastercard, American Express and Visa have, through their proprietary digital platforms, built tokenization and digitization solutions to support eCommerce merchant transactions. These platforms comply with EMV® Payment Tokenization, which utilizes tokens coupled with transaction cryptograms in order to bring EMV security to card-on-file transactions.

For more information on the evolution of tokenization, go to www.meawallet.com/products/ to download our lightweight eBook and MeaWallet’s Merchant Tokenization fact sheet, or contact us to set up a call!


Why Overhauling their Card UX is a Quick Win for Banks

Why Overhauling their Card UX is a Quick Win for Banks

The flood of new digital technologies, business models and stakeholders entering the payments industry is challenging banks’ capacity to retain customers. Making quick strides to dramatically improve their payment card user experience is an easy win, says Lars Sandtorv, CEO MeaWallet.

The payments industry is on the move. As new regulations come into force a flow of new digitised payment technologies, business models and stakeholders are gaining serious traction in the market. This new school of payments is threatening to beat conventional banks at their own game. Few anticipate a wholesale demise of the banking industry as we know it, however; huge customer volumes shield most banks from serious threat. Nonetheless, it’s fair to say that banks’ grip on the market, and on their previously uncontested relationships with customers, is loosening fast. 

Central to the problem is that, compared to their fintech counterparts, banks lack the required agility to keep pace with digitalisation; something that is now demonstrably impacting their customer retention. Blaming what it dubs the ‘friction endemic in almost every legacy payment system’, a recent report from Deloitte reveals quite how quickly users are moving away from traditional payment rails.  PayPal already has 250 million users. The rising popularity of the OEM Pays (including Android Pay, Apple Pay, and Samsung Pay) provides yet further evidence. Apple Pay alone is on track to reach 200 million users by 2020.  And by then, the global transaction value of mobile payment apps is expected to reach $14 trillion. 


The Challenge

The challenges facing banks are particularly acute in Europe where the fintech scene is flourishing, following a boost from supportive regulations like the second Payments Services Directive (PSD2). In a recent keynote speech, European Central Bank vice-president Luis de Guindos suggested that in parallel with meeting structural challenges, the Europe’s banks must also face down increased competition from the fintech sector: “increased competition in lending, investments and payments is bound to increase pressure on retail banking revenues.”

With open banking and ‘bank direct’ payments arriving courtesy of PSD2, the ways that banks generate income is set for yet more disruption. All of this signals that banks need to find quick wins; enhancements that make the most of their current strengths. maximising revenues and offsetting rising customer attrition. This is particularly apparent for smaller banks which lack the resources to develop their own proprietary digital payment systems. 


The Solution

Overhauling their payment card infrastructure is one such opportunity. By collaborating with a specialist card payment platform provider, banks can make dramatic enhancements to their customer’s card payment experience, making their services and their brand more attractive as a result. 

By combining support for the OEM Pays with additional services like EMV® Secure Remote Commerce (SRC), tokenization and token management facilities, banks can provide customers with greater flexibility and convenience, encouraging greater usage. 

So, what individual benefits do these capabilities bring to the table?

  • Payment-enabled bank apps
    By enabling a mobile banking app with wallet functionalities, customers can make in-store payments. This provides the flexibly to not only manage finances in the app, but also to make payments from the same environment.
  • Issued card to OEM Pays
    Connecting a banking app to the OEM Pays gives banks the potential to grow the customer base by providing a broader, more flexible solution, allowing consumers to select which wallet they’d prefer to use.
  • SRC enabled payments
    SRC is the next step in eCommerce that will enhance both security and user experience in online shopping. Customer benefits include a frictionless shopping experience via a reduced need for entering card and shipping information.
  • Greater customer control with a tokenized app
    Tokenization has become the new and modern standard to secure, provision and store card data to mobile, IoT devices and online merchants. With it, customers have the ability to enable push provisioning and manage tokens across multiple card schemes directly from the app.



Banks as brands

By improving functionality and increasing app usage, banks additionally stand to benefit from improved customer loyalty. This can lead to improved cross-selling opportunities improved usability keeps the bank’s brand front and centre in the mind of its customers leading to additional, more profitable revenue streams. 

Our mission at MeaWallet is to help our clients simplify mobile payments and support implementation. Our team is passionate about the subject and continually looking at the evolution and trends in the mobile payments space. We welcome your comments or invite you to get in touch directly with us at contact@meawallet.com 

Get ready for the b.yond consortium launch

MeaWallet b.yond partner

MeaWallet is a proud partner of the b.yond consortium, and we are excited to announce the launch of b.yond today. The user-friendly and innovative solutions will revolutionise the way bank innovate, the banking technology, and simplify the processes for banks.

B.yond is a consortium of financial services, all synonymous with innovation and quality, who have come together to deliver the best in cutting edge banking technology. The technological solution delivers a digital banking platform across all devices. You can shape your customer experience with the knowledge that your design will be received as intended, and that your users will have access to LaunchPad on their computer, smart phone or tablet.

The digital banking solution is readily deployable with the agility and speed required in today’s digital world. LaunchPad is designed to keep you in touch with features such as: account load, physical and virtual cards, card control, payments and transfers, tokenization, savings pots and many more features.

It allows you to launch your mobile payment solution with speed to market within 4-8 weeks with a set of out-of-the-box core features and an option to further enhance with specialized vertical add-ons. The system ensures that the customer receives the rich experience you intended them to have, using intuitive interfaces and native design.

In an ever changing and complex environment b.yond is an engine room of innovation with one simple objective… make the complex simple.

MeaWallet contributes with security solutions

As one of Europe’s leading companies within digital payments, MeaWallet provide banks with a short time to market high-quality products, such as the Mea Token Platform which is built for enabling OEM Pays, Secure Remote Commerce and Token Management.

MeaWallet has since the beginning in 2013 focused on EMV payment tokenization. Tokenization within EMV is the new standard, and includes issuers, PSP’s, Gateways, Acquires and Merchant. In December 2018 MeaWallet became the number 1 on Mastercard Digital vendor in the world. b.yond’s focus is to combine the best services from the best vendors, into a combined offer. As one of the best EMV tokenization specialist, MeaWallet is a natural part of b.yond” says Lars Sandtorv, CEO and Head of MeaWallet.

Want to learn more? Contact Lars Sandtorv at lars@meawallet.com

Webinar video: The Evolution of Payment Cards Tokenization

The Evolution of Payment Cards Tokenization

In this video MeaWallet and Global Processing Services explore the evolution of payment cards tokenization.

The introduction of tokenization technology has started a revolution in how we pay and interact with our payment cards. This video will enable you to learn more about how tokenization has evolved and what it will mean for the future of card payments.

You will also get a better understanding of how card issuers can leverage tokenization to:

  • Increase transactions and improve approval rates
  • Drive traffic to their apps through new innovative service
  • Increase customer loyalty and cross-selling potential

Further, it will share how you can convert these new opportunities to services for your consumers, easily using modular SDKs and services.

How tokenization is changing the way we pay

Recent years have shown an increasing shift from traditional card payments to digital payments. A continually growing number of people use mobile phones, wearables, online and in-app payments daily to pay for goods and services. With the huge growth in digital payments, it is essential to have a secure and seamless user experience across device channel and solutions. At the same time, new opportunities for consumers, banks and merchants are introduced and new business models and capabilities enter.

Click here to download MeaWallet's eBook on tokenization, describing how tokenization is moving from v1.0 to v3.0 and what implications this brings to card issuers, merchants and consumers.