Security and Risk Management with HCE is the Biggest Issue

Many payment companies wanted to bypass the need for a secure element and enable any NFC device to make payments. The Host Card Emulation came into light back in October 2013 with the release of the Android 4.4 KitKat version for the Android community. Earlier this year, Visa had introduced new standards to support HCE enabling hosting of Visa accounts in the cloud. MasterCard had also published new specifications and had begun testing HCE with Spain’s Banco Sabadell and Capital One in U.S. during the first half of this year.

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