NFC Times Exclusive Insight – Samsung is hiring established TSM vendors to assist with the provisioning and secure element management for its forthcoming Samsung Pay service, at least in some markets, sources told NFC Times.

The contracts would be in contrast to what Apple is doing, handling its own management of embedded chips for Apple Pay and relying on major payment schemes, Visa, MasterCard Worldwide and American Express for tokenization and provisioning of all or most payment applications.

The schemes may be getting help from established TSMs for this work, though they have not disclosed such contracts. And sources said that at least one U.S. bank, JPMorgan Chase, is providing its own tokenization or is planning to do so for Apple Pay in the U.S.