Landmark Opportunity for Technology Providers for Developing HCE based Payments

Host Card Emulation (HCE) is a term describing an on-device technology that permits a phone to perform card emulation on a Near Field Communication (NFC)-enabled device without relying on access to a secure element. This new technology gained relevance when Google announced support for HCE in the KitKat version of its Android OS. With Host Card Emulation and cloud issuance, millions of phones could be enabled for payment with a simple app update. Payment giants such as Visa and MasterCard are also working on HCE specifications. It has opened an alternative path to contactless payments and other services that have no reliance on hardware based secure elements.

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