# Rambus Bell ID Simplifies Tokenization Management for Banks Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-10-20 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Simplify token management with Rambus Bell ID Token Gateway Meta Description: Simplify tokenization management and streamline integration with various payment schemes through a single platform. Stay updated with the latest industry URL: https://financedigest.com/rambus-bell-id-simplifies-tokenization-management-for-bankshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/3d-cogs-as-conceptfkprk5ru-1736844429574-compressed.jpg) _Single platform allows banks to integrate with multiple payment schemes quickly and easily, while enabling schemes to on-board banks rapidly_ In response to the increasing complexity and fragmentation of the near field communication (NFC) mobile payments ecosystem, Rambus Bell ID – part of the Rambus Security Division – has launched Token Gateway. Issuing banks can now manage [tokenization](https://www.bellid.com/videos/what-is-payment-tokenization/) activity for the ‘OEM Pay’ mobile wallets through a single software platform. This significantly simplifies and consolidates integration with the multiple token service providers (TSPs) operated by third-parties, like international and domestic payment schemes. **Managing tokenization is complex and** [time consuming](https://www.financedigest.com/adapting-payments-to-reassure-consumers-and-safeguard-profitability-during-times-of-uncertainty.html "Adapting payments to reassure consumers and safeguard profitability during times of uncertainty") “Managing the [expanding](https://www.financedigest.com/document-management-software-market-to-expand-at-a-value-cagr-of-12-3.html "Document Management Software Market to expand at a value CAGR of 12.3%") tokenization infrastructure is a significant challenge for issuers,” comments Dr. Martin Scott, senior vice president and general [manager of the Rambus Security](https://www.financedigest.com/finding-it-hard-to-recruit-good-it-security-managers-dont-leave-yourself-vulnerable-to-attack.html "Finding it hard to recruit good IT security managers? Don’t leave yourself vulnerable to attack") Division. “As mobile payments roll out worldwide, [banks are looking to give](https://www.financedigest.com/russian-central-bank-gives-legal-entities-green-light-to-trade-foreign-shares.html "Russian central bank gives legal entities green light to trade foreign shares") customers access to this technology by supporting a range of mobile wallet platforms. To do this, issuers [need to connect to a number of the payment schemes’ own tokenization services](https://www.financedigest.com/financial-services-need-a-digital-transformation.html "Financial services need a digital transformation"), each with individual requirements, specifications and interfaces. As well, specifications are updated regularly so [banks are required](https://www.financedigest.com/building-a-relationship-led-bank-requires-a-more-human-touch.html "Building a relationship led bank requires a more human touch") to constantly maintain their systems to stay connected to the schemes; this takes time, investment and knowledge. With this solution, we have simplified the process.” ![chart](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/chart-1736844429566-compressed.jpg) **Simplifying tokenization management** With the Rambus Bell ID Token Gateway, [banks can bypass integration challenges](https://www.financedigest.com/the-rise-of-challenger-banks.html "The Rise of Challenger Banks") utilizing one platform. The solution eases connectivity to the schemes’ tokenization services so issuers can centrally support and manage the ‘OEM [Pay’ wallets](https://www.financedigest.com/digital-wallets-the-new-way-to-pay.html "Digital Wallets: The New Way to Pay") for all their account holders. Rambus Bell ID [ensures that Token Gateway is aligned](https://www.financedigest.com/how-can-we-ensure-that-africas-energy-transition-aligns-with-its-development-ambitions.html "How can we ensure that Africa’s energy transition aligns with its development ambitions?") with the latest requirements from the credit and debit schemes, ensuring banks are always up-to-date. Existing token service [providers](https://www.financedigest.com/high-energy-shockwave-therapy-units-market-end-user-demand-by-types-regions-top-players-service-provides-regional-outlook-and-forecast-to-2028.html "High Energy Shockwave Therapy Units Market End-User Demand by Types, Regions, Top Players, Service Provides, Regional Outlook and Forecast to 2028") can also use the platform to offer gateway services to their bank clients, enabling a bank to interface with other token service providers. “Short-term, [banks’ integration](https://www.financedigest.com/can-banks-compete-in-the-digitisation-race-without-effective-data-integrity.html "Can banks compete in the digitisation race without effective data integrity?") projects and the schemes’ on-boarding processes just got quicker and simpler. Long-term, [banks will not need](https://www.financedigest.com/could-the-npa-be-the-catalyst-banks-need-to-transform-their-payment-networks.html "Could the NPA be the catalyst banks need to transform their payment networks?") to coordinate the update process, making the lifecycle management of the OEM Pays easier and cheaper,” explains Dr. Scott. **A modular approach to tokenization** To accommodate the [needs of individual banks](https://www.financedigest.com/scams-have-eroded-digital-trust-banks-need-to-do-more-to-combat-the-industrial-scale-of-scams-in-the-uk.html "Scams have eroded Digital Trust – Banks need to do more to combat the industrial scale of scams in the UK."), the software solution is modular so it can be tailored to specific needs. In addition to a lifecycle management module, which is fundamental to the platform, banks can add a card [asset](https://www.financedigest.com/more-businesses-investing-in-assets-like-virtual-credit-cards.html "More Businesses Investing In Assets Like Virtual Credit Cards") module that allows the personalization and branding of digital cards. Additionally, a token vault mirror can be added to maintain a log of tokenized data in-house, allowing banks to check a transaction without having to contact the relevant scheme TSP. **A complete mobile** payments solution The Rambus Bell ID Token Gateway solution is currently available and is part of the broad suite of solutions for issuing banks, processors and payment schemes to [support](https://www.financedigest.com/fingerprints-supports-two-more-biometric-payment-card-launches-in-the-mena-region.html "FINGERPRINTS’ SUPPORTS TWO MORE BIOMETRIC PAYMENT CARD LAUNCHES IN THE MENA REGION") mobile NFC payments. Fully compliant with the latest mobile payment security standards, Rambus Bell ID supports cloud-based solutions using host card emulation (HCE), EMVCo tokenization, and trusted [services management](https://www.financedigest.com/cyclic-innovation-to-drive-the-medical-case-management-services-market.html "Cyclic innovation to drive the Medical Case Management Services Market") (TSM) for SIM-based projects and for ‘OEM Pay’ solutions that use an embedded secure element. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---