SK C&C USA’s Trusted Service Manager First in North America to Meet MasterCard’s Global Vendor Certification Program Requirements

ATLANTA--(BUSINESS WIRE)--SK C&C USA, a wholly owned subsidiary of SK C&C Co. Ltd, and a leading innovator and global provider of mobile commerce solutions, announced today that it has met the standards set forth by the MasterCard® Global Vendor Certification Program (GVCP) for its Trusted Service Manager (TSM) solution.

“Obtaining the MasterCard certification is an important step towards launch readiness and underscores SK C&C USA’s commitment to its global mobile commerce initiative.”

SK C&C USA’s TSM solution offers secure and accurate provisioning of applications to a mobile device by means of a wireless connection. It is the first TSM in North America to receive the MasterCard GVCP certification.

GVCP is a MasterCard security compliance program for vendors that offer card production services to MasterCard issuers. Requirements have been defined for the physical security of the vendors’ site, suppliers, and data preparation facilities as well as the logical security of their data environment.

“We are pleased to offer the first TSM solution in North America to comply with MasterCard’s stringent certification criteria,” noted Keith Smith, President & COO of SK C&C USA. “As US financial institutions, mobile network operators, and service providers prepare to launch mobile commerce services, we are ready to support them by leveraging our global experience and expertise.”

SK C&C USA is uniquely positioned to bring market-proven mobile technology to the U.S. and worldwide. SK C&C has been deploying mobile commerce systems for eight years in Asia and supports 30 million consumer transactions each day. Smith added, “Obtaining the MasterCard certification is an important step towards launch readiness and underscores SK C&C USA’s commitment to its global mobile commerce initiative.”

About SK C&C USA

SK C&C USA offers a comprehensive suite of mobile commerce products including Trusted Services Manager (TSM), Mobile Wallet platform, and mobile banking. With global headquarters in Atlanta, Georgia, SK C&C USA is a wholly owned subsidiary of SK C&C Co., Ltd., a leading global payments technology provider and systems integration company. SK C&C is a major stockholder of a holding company (SK Holdings) of SK Group, an $85 billion conglomerate. For more information, visit www.skccusa.com.