June 16, 2015
The support for host card emulation (HCE) technology is growing by leaps and bounds. Since the time it was introduced in the KitKat version of Android, HCE support in smartphones has been growing in a steep curve.
Banks and merchants have collectively spent billions of dollars powering mobile apps to provide the best mobile services to consumers. They see their apps as the preferred low-cost, high-touch channels of interaction that can deliver rich services through mobile devices. With HCE, they can enable their existing banking and merchant apps to become wallets for payments anywhere in the physical environment while allowing them to maintain total control over the brand and user experience.
This article talks about 20 major developments in HCE in H1 2015
Initiatives by Banks and Payment Processors
Nine Polish banks are planning to launch Visa’s cloud-based mobile contactless payment services in early 2016. The nine banks taking the initiative include ING Bank Śląski, mBank, Bank Millennium, Raiffeisen Polbank, Eurobank, Getin Bank, Bank Polskiej Spółdzielczości, Bank SMART and Bank Zachodni WBK. Around 70% of Visa cards in the Polish market have contactless functionality and the conta ...