Author: Kaushik Roy

The rise of HCE-based mobile payments

From an interview published on Mobile Payments Today Last May, Russia-based Sberbank became one of the first major financial institutions to announce a commercial mobile wallet rollout that integrated Host Card Emulation to bypass the secure element in a smartphone to make NFC mobile payments. Sequent Software Inc., a U.S.-based firm that specializes in providing a mobile wallet platform-as-a-service,…

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Tokenization is not enough: Ensuring secure mobile payments using dynamic issuance with on-device security and management

HCE cloud-based mobile payments have opened a new chapter in the industry’s thinking around security of card data on-device and the risk management associated with it.  The lack of secure element hardware storage on-device creates the need for strong software based solutions to mitigate the risk of storing sensitive card data on phone memory. Tokenization…

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App Enablement: Turn Any App Into a Wallet

Today most companies understand that having their branded mobile app in a consumer’s smart phone is the closest connection they have ever had with their customers. With time spent on mobile devices rising, companies with a mobile app on a consumer’s phone have a spotlight and opportunity to connect like never before. Apps are also…

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What is tokenization?

At its root, a token is something with low value representing something with high value; just as a casino chip represents cash. In electronic payments, tokenization is being used to reduce security risks inherent in the collection and transfer of highly sensitive data such as credit card Personal Account Numbers (PAN). In the mobile payments…

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What is Host Card Emulation?

Host Card Emulation (HCE) is the term describing on-device technology that permits a phone to perform card emulation on an Near Field Communication (NFC)-enabled device without relying on access to a secure element. This new technology gained celebrity status this year when Google announced support for HCE in the KitKat OS. Suddenly with Host Card…

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Host Card Emulation and Cloud Issuance Give Banks Scale

Host Card Emulation (HCE) and digital issuance can finally give banks the scale they need. Thus far, bank rollouts of mobile payment and wallet services have been hindered by multiple factors from the dependency on the secure element owner, the inability to deploy wallet services across multiple mobile phone operators, to the availability of Near…

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