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


ABnote to add HCE to TSM platform

Global card manufacturer and NFC service provider ABnote is to integrate SimplyTapp’s host card emulation (HCE) technology into its trusted service manager (TSM) platform, enabling card issuers to deploy cloud-based NFC payments solutions to their customers... More




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