Gemalto, a company engaged in digital security, has launched its mobile banking services with all Colombian GSM operators and Colombia’s banking network, Redeban Multicolor.
This solution from Gemalto allows the mobile subscribers to perform secure transactions on the move and access banking services, transfer money, check their account balance, recharge mobile pre-paid, and pay bills. These services are accessible through an easy- to-navigate menu and available 24 hours a day.
Gemalto’s mobile Banking solution includes a secure software application stored in the SIM (Subscriber Identity Module) card, a server and software that interprets the messages that are exchanged between the banks and the SIM. The solution offers security in the entire transaction process, since the messages are encrypted in the SIM chip and decrypted at the banks’ server, which translates the messages to a specific format.