Gemalto And InComm Pair On Prepaid Mobile NFC Payments

Secure prepaid mobile NFC payments are on the horizon. At least that is the goal of the new strategic partnership between digital security company Gemalto and InComm, a prepaid product and transaction services company. According to recent MasterCard research, the prepaid card market is showing accelerated growth, proving to be one of the fastest developing non-cash payments markets, estimated to increase at an annual rate of 22 percent over the next two years. “In this booming market, we are working closely with InComm to provide bank-grade security during the mobile provisioning of payment card information,” Sebastien Cano, President of North America at Gemalto, said in a Tuesday (July 21) statement announcing the partnership.