Visa to Enable Cloud-Based Mobile Payments Following Android OS Update
Published on: 19th Feb 2014
Credit card processor Visa says that it is offering clients new options to securely deploy mobile payment programs including for the first time an option to host Visa payWave enabled accounts in a remote cloud style server.
Visa's support for cloud-based payments follows the introduction of a new feature in the Android mobile operating system called Host Card Emulation (HCE) that allows any NFC application on an Android device to emulate a smart card, letting users wave-to-pay with their smartphones, while permitting financial institutions to host payment accounts in a secure, virtual cloud.
"Our clients and partners around the globe are continuously looking for flexible, cost efficient and secure ways to enable mobile payments," said Elizabeth Buse, Executive Vice President, Global Solutions, Visa. "The Android HCE feature provides us with a platform to evolve the Visa payWave standard, support the development of secure, cloud-based mobile applications, while at the same time offer greater choice to our clients."
In addition to supporting clients who are hosting the Visa account data on secure elements in smartphones, Visa is extending the Visa Ready Program to also support financial institutions and partners who wish to securely deploy Visa accounts in the cloud.
"The Android community continues to build innovative ways to improve the lives of mobile users. We introduced HCE to make it easier for developers to create NFC applications like mobile payments, loyalty programs, transit passes, and other custom services," said Benjamin Poiesz, Google Android Product Manager. "Visa's move to enable NFC payments with Android devices is welcome news and will guide the way for the payments industry."