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As Samsung is the world’s largest smartphone vendor, The Samsung Pay platform is a considerable opportunity for banks to deliver mobile payments services to their customers. What do banks and need to know about this platform?
Download eBook What is Samsung Pay and How Does it Work? to learn how consumers and banks can benefit from Samsung Pay.
Google announced the launch of ‘Android Pay’ in May 2015, and with the global rollout accelerating and adoption growing, what do banks and service providers need to know about this innovative platform?
Download eBook What is Android Pay and How Does it Work? to learn how consumers and banks can benefit from Android Pay.
Bell ID technology powers cloud-based mobile payment functionality inside ANZ goMoney mobile app
Host card emulation (HCE) specialist, Bell ID is enabling the launch of ANZ New Zealand’s upgraded goMoney mobile app, which is set to feature a cloud-based HCE near field communication (NFC) mobile wallet. The project, for the New Zealand division of ANZ Bank, will bring contactless mobile payments to the smartphones of more than 120,000 ANZ customers.
The ANZ goMoney wallet leverages Bell ID’s Secure Element (SE) in the Cloud software platform, easing the delivery of secure mobile payment services as it removes the need for a separate app or SIM card upgrade for customers. “Much of the complexity associated with launching a mobile payments service is removed by storing the payment credentials in the cloud,” explains Pat Curran, Executive Chairman at Bell ID. “Australia and New Zealand are hotbeds for mobile payments innovation at the moment and ANZ is leading the charge. ANZ can now create, issue and manage the lifecycle of HCE contactless payment cards, offering cutting edge services to its customers.”
The solution manages keys, certificates and credentials in a secure remote environment rather than in the mobile device, providing application issuers with the independence and control to manage their credentials, without the need for third party involvement. It provides the functionality to complete (EMV payment) transactions using a standard contactless terminal and acceptance infrastructure.
ANZ’s Head of Digital Channels and Transformation, Liz Maguire, adds: “The mobile wallet is the next evolution in payments, enabling customers to use smartphones to make everyday credit or debit card purchases – such as coffee, petrol or groceries. Bell ID’s platform gave us all of the functionality we needed to bring this upgrade to market and gives us the option for further development down the line.”
“HCE is no longer a buzz word or just the latest innovation. Solutions like SE in the Cloud are delivering mobile services to millions of customers around the world. The flexibility, control and speed to market offered by HCE makes it extremely attractive for banks like ANZ. And, as the platform is fully compliant to the latest international standards for mobile payment security and supports advanced on-device risk management, banks and customers can be confident that their money is safe,” concludes Pat Curran.
To find out more about mobile cloud payments using HCE, visit the Bell ID website. Bell ID’s full suite of mobile solutions supports cloud based solutions using HCE, EMVCo tokenization, trusted services management (TSM) for SIM-based projects and for embedded secure element solutions such as Apple Pay and Samsung Pay.
Host card emulation (HCE) mobile payments specialist, Bell ID, today announces that significant recent growth has seen the company strengthen its global position in the mobile payments market. The launch of its HCE and token service provider (TSP) tokenization solutions has further driven team expansion, requiring investment in new, larger offices for its Rotterdam headquarters.
With HCE and tokenization projects in operation in the market, Bell ID has received significant demand for its products from both banks and service providers. The company has seen a 75% growth year-on-year in orders, driven by a substantial rise in the number of new customers, with 90% of all new orders and requests for proposals focusing on mobile solutions.
The expansion of the business has also required growth in team headcount, with additional support added across all areas of the business. In order to accommodate and facilitate this growth, Bell ID has invested in larger office facilities in Rotterdam, the Netherlands.
“Google’s inclusion of HCE in Android KitKat 4.4 kicked off a period of intense activity and innovation in mobile payments,” comments Pat Curran, Executive Chairman of Bell ID. “The payment schemes confirmed support for HCE and payment tokenization with the development of specifications and, in 2014, EMVCo came forward to define the role of the token service provider. And the bar was raised with the launch of Apple Pay. We were ahead of the curve and were among the first to launch a HCE and tokenization mobile payments platform. We are now seeing the benefits of our hard work with many live implementations worldwide today.”
“This is a great moment for Bell ID,” adds Pat. “We have grown with the industry, carrying smart card expertise gained since 1993 into our mobile payments, HCE and tokenization solutions. It is this trust and experience, combined with the technical innovation behind our latest solutions that is creating this demand. We are now positioned for more growth over the coming years and have a strong, experienced team in place to drive further mobile payments advancements in 2015 and beyond.”
Bell ID’s headquarters in Rotterdam supports the regional Bell ID offices in Canada, United States, United Kingdom, Bahrain and Australia. Bell ID operates across the mobile near field communication, EMV, identity and transit markets.
Download Bell ID’s free eBook, ‘Host Card Emulation – NFC’s Missing Link’ or watch its explanatory videos, including HCE, tokenization and TSP.
