Digital Payments Guardian from Prairie Cloudware is now live at a multibillion-dollar regional bank. The digital vault technology facilitates tap-and-pay transactions, tokenizing credit and debit card numbers that are secured in a branded mobile wallet.

“The future of payments is now, and consumers shouldn’t have to wait any longer to gain access to a convenient, secure and preferred mobile-payments experience provided by their bank or credit union,” says Doug Parr, Prairie Cloudware’s chief revenue officer. “While other organizations have recently announced their plans to build and launch bank-branded mobile wallets, Guardian is already live and successfully functioning.” The company emphasized the point by having its CTO Brent Adkisson conduct the first tap-and-pay transaction using his smartphone and tokenized Visa credit card to buy a candy bar at a convenience store.

CRO Doug Parr demonstrated Digital Payments Guardian at FinovateSpring 2015 in San Jose

The technology gives banking customers the ability to digitally store and manage credit and debit card accounts. The digital vault uses tokenization and NFC tap and pay Android HCE to provide customers with a payment solution that is safe and convenient. “The largest financial institutions in the U.S. are taking control of the mobile relationships they have with customers by issuing their own mobile wallets,” Parr said. Digital Payments Guardian supports this by playing a role in a customer’s everyday transactions, growing the number of “touch points” between financial institutions and their customers.

Founded in 2012 and headquartered in Omaha, Nebraska, Prairie Cloudware demonstrated Digital Payments Guardian at FinovateSpring 2015. In January, the company announced that $3.2 billion Union Bank & Trust would use Digital Payments Guardian to power its digital wallet. And last December, Silicon Prairie News interviewed company CSO Daniel Carnes on the future of cybersecurity. Prairie Cloudware has raised more than $5 million in funding—its most recent investment in the summer of 2015—and includes Croghan Investments and Treetop Ventures among its investors.