HCE (Host Card Emulation), IPOS (Internet Point-of-Sale) and SWIM (Software Wireless Identity Modules) mobile apps combine to tranform digital cards issuance and HCE EMV NFC and In-App secure payments processing via the hceservice.com HCE-IPOS-SWIM SaaS hosted platform.
Card Issuers, Merchants and Wallet Operators globally will integrate secure E-cash, NFC EMV card token payments, person-to-person (P2P e.g. UPI) bank account transfers, gift and loyalty cards payments, and crypto-currencies in their mobile apps.
Card Acquirers can now propose SME (small and medium-sized enterprises) and micro-merchants extremely low-cost PIN-on-GLASS card payments for EMV contact and contactless card schemes such as Visa, Mastercard and RuPay.
With the emergence of ever-smarter mobile phones with Near Field Communications (NFC), Host Card Emulation (HCE) and PCI-SPOC standards, the mobile phone has the potential to complement traditional Internet or SMS payment channels. Instead of pulling out the physical wallet to access cash, credit cards, loyalty cards, coupons or tickets, everything can be securely stored in, and retrieved through, the mobile phone wallet app.
Mobile Payments market is booming….
Enterprises are enhancing their end user customer relationships by providing smartphone apps using capabilities such as NFC, location information combined with secure in-app and online payments. Dr Chandra Patni, CEO HCE Service said, “The mobile phone will eventually become the defacto device through which every day consumer mobile payments are made. It will become the personal digital wallet, containing digital card accounts, which replace or at least complement physical cards, cash and coupons.”