HCE Moves Forward with Promise and Not a Little Hype

NFC Times Special Report, Part Two: 
Interest continues to run high in host-card emulation since Google announced it would support the technology in its new version of Android, but with few if any public pilots of open-loop payment and no waivers or certifications yet granted by the major payment schemes, the technology has some maturing to do.

Spanish bank Bankinter said it expected results of a “risk assessment” of its host-card emulation product as early as this week, and believes it will lead to a waiver for the technology from Visa Europe, a step on the path to certification.

The mid-tier Spanish bank, one of the first companies to announce a product supporting host-card emulation, early this year, developed for it by vendors and working with Visa, hopes to launch a public pilot in the first part of 2014. The software-based payments system, which it calls Mobile Virtual Card, is designed to enable banks to roll out EMV payment cards on NFC phones without the need for NFC SIMs or other secure elements.

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