Banks risk being intermediated by major wallet providers by not enabling their own banking app for payments. Learn how they can fight back! The branded mobile app is the closest, cheapest connection banks have ever had with their customers. But banks are under threat to lose this connection and millions of dollars in investment by…
Depending on which survey you read, anywhere from 28% to 48% of iPhone 6 users have already tried Apple Pay, and half of those who haven’t intend to do so in the next 90 days. These astoundingly high numbers will impact the payments industry just as iTunes impacted the music business, and players who adapt…
We may love the Hollywood movies about amazing bank or jewelry heists, armored car robberies, art scams, and the like, but smart criminals figured out long ago that a good financial data breach is a much more lucrative form of criminal activity. And it comes with the added benefit of much lower risk of arrest…
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…
With the introduction earlier this year of Host Card Emulation (HCE) and last month’s reveal of the iPhone 6, Near Field Communication (NFC) technology is making a strong move to fulfill its promise to be the dominant “physical world” payments technology. The reinvigoration of interest in NFC is raising the stakes for enabling technologies that…
Host Card Emulation (HCE) technology support is growing by leaps and bounds. Since it was introduced in the KitKat version of Android Operating System, HCE support in smart phones has been growing in a steep curve. Last month Google released new usage numbers showing that 25% of all smart phones running Android OS are already…
The launch of the iPhone 6 with NFC technology only reinforced something we have been telling our customers for years: focus on the user experience and be agnostic to technology. A consumer mobile payments system should work on all devices using any technology to cover as many consumers and merchants in a given country or…
Ever since Google announced support for Host Card Emulation (HCE) earlier this year on the Android OS, banks, merchants and other mobile payment aficionados have been all over it, trying to grasp its significance. Countless blogs, papers and presentations have been written about it, but, as they say, a picture is worth a thousand words….
Sequent announced yesterday that we have received a US patent for a key feature of mobile payments: “one tap” mobile payments. If you don’t know what it is, “one tap” or “single tap” functionality allows mobile wallets to transmit multiple cards — such as payment, loyalty, coupons, and offers — at the same time to…
Ever since Google announced the availability of Host Card Emulation (HCE) in the last version of Android, the discussion in the world of mobile payments has taken a very interesting turn. Banks that were previously forced to work with an overly complex technology and large and lengthy integration projects are suddenly in position to compete…
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