SimplyTapp compares Apple Pay and Android HCE

PARTNER NEWS: A new blog post from HCE specialist SimplyTapp explains how Apple is using tokens in its new Apple Pay NFC mobile payments service — and how that compares with the way tokens are used to enable Android phones to make NFC mobile payments using host card emulation (HCE)... More


How Apple will generate revenues from mobile payments begins to become clear

Apple Watch

An innovative biosensor security function built into the Apple Watch and the Touch ID fingerprint sensor in the iPhone 6 and iPhone 6 Plus will work in combination with NFC and tokenization to provide additional security to Apple Pay transactions, it is now becoming clear — giving Apple the ability to negotiate special deals with card issuers that will generate new revenues for the Cupertino company... More



Visa launches token service to support Apple Pay and more

Visa

Visa Token Service, the payment network’s new platform that enables card account numbers to be replaced with digital tokens that ensure the cardholder’s actual card number is never shared with merchants, is now live and will be used to enable Visa cardholders to make use of Apple’s new NFC mobile payments service... More




Apple to use tokenization for mobile payments?

“Apple will be utilizing near field communication (NFC) technology and tokenization technology in the new iPhone 6 and iWatch as a part of its payments initiative,” reports Bank Innovation, citing “sources close to Apple and with knowledge of Apple’s plans for its new smartphone”... More



Retailer-owned payments venture MCX unveils CurrentC brand

CurrentC

Merchant Customer Exchange (MCX), the mobile payments venture co-owned by US retail chains with collective revenues of more than US$1 trillion annually, has announced that its payments, loyalty and offers platform is to be called CurrentC — and provided the first details of how the service will work when it rolls out to 110,000 merchant locations across the US in 2015... More







Aconite adds HCE and EMV token support

Aconite

EMV and NFC payment software specialist Aconite has added support for host card emulation (HCE) and EMV tokenization to its product offering, enabling issuers to “operate an HCE and token-enabled service, including real-time data preparation, distributed EMV transaction processing, remote CVM management and mapping risk scores to card/token profiles.”... More


Wirecard adds HCE to mobile wallet platform

Wirecard

Wirecard has integrated support for host card emulation (HCE) into its mobile wallet platform, “enabling telecommunications companies, financial service providers, banks and also retailers to quickly enter the mobile payment market through near field communication.”... More



New EMV framework to support NFC, QR, Bluetooth LE and more

EMVCo

A new tokenization framework being developed by EMVCo for the world’s major payments networks will enable EMV transactions to be made on a mobile phone using the widest possible range of “last inch” technologies— and the first draft of the new specification will be available in just a few weeks, Christina Hulka, chair of the board of managers at EMVCo, has told The Mobile Wallet Report... More


Visa: HCE will drive innovation in payments

Visa's Sam Shrauger

“We’ve seen this as a vehicle for innovation for financial institutions, for merchants, for others who want to enable payment using the mobile device,” Visa‘s Sam Shrauger has explained at MWC 2014, just a few days after the payment network announced its adoption of host card emulation (HCE) for NFC and QR payments... More


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