Financial institutions, wallet providers, payments aggregators and merchants need to offer multi-channel mobile payments services to their customers, while balancing fraud prevention with simple user experience.
Pain-points we solve….
Security
To address the growing concerns around securing the mobile device and application that performs digital payments, we have implemented a state-of-art Public Key Infrastructure based security platform that allocates a unique Digital ID and signature to every mobile device that is connected to our host. This Digital ID binds the user and the device together ensuring that it cannot be replicated on another device or be used by an unauthorised person.
User Convenience
HCE Service solutions address RBI’s 2-Factor authentication requirement, without the need to rely on SMS or 3D Secure passwords. The first factor of authentication, “that the end user has”, is the Digital ID and Signature of the device that is unique to the User and the Device. The second factor is the 4 to 6 digit PIN “that the end user knows” and uses to log into our client wallet app. This eliminates the requirement for end user to enter card details on merchant’s website or app, remember 3D Secure password or wait for OTP on SMS.
In-store Acceptance
There is a plethora of wallet solutions which are not very prevalent in the In-store environment as they require merchant specific development i.e. having a specific barcode or an app on the merchant’s mobile or an integration with the POS. Our proposed solution works on any NFC enabled POS that accepts Visa, Mastercard and RuPay.
HCE IPOS SWIM is a strategic choice for our clients!
HCE IPOS SWIM provides mobile users a wide range of secure mobile payments and tokenisation applications:
- HCEWALLET app – enable EMV card tokenisation;
- IPOS app – “PIN-on-Glass” point of sale;
- SWIM app – Software Wireless Identity Module public key infrastructure (PKI).
Mobile device fingerprint/PIN strong customer authentication (SCA) login security provided by SWIM gives peace-of-mind payments to consumers and their card issuers, wallet providers, payment service providers (PSP), and merchants.
We propose IPOS “PIN on Glass”, HCE (host card emulation), UPI (account-to-account unified payment interface), Ecash wallet accounts and Loyalty tokens services.
Our HCE IPOS SWIM technology platform released as version 3.0.0.0 enables mobile payments and loyalty for all card account types for proximity, in-app and online purchases.
With HCEWALLET app, consumers tokenise payment cards such that primary card numbers (PAN) are never stored on mobile devices. When consumers pay with HCE EMV tokens, actual card numbers are not shared with merchants and critical card data is never exposed over the Internet.
SWIM apps provision unique Public Key Digital Identities to consumers to secure card and other critical account data (such as crypto-currency private keys) as well as enable digital signature proof-of-purchase.
We can also support 3D Secure Version 2 and EMV SRC (secure remote commerce) mobile payments protocols.
We deliver white-labelled mobile payments SAAS (Software as a Service) or our Clients can in-house host PAAS (Platform as a Service).