Spanish bank Bankinter has announced it plans to launch its long-anticipated host-card emulation service commercially in the second or third quarter, following a security evaluation by a Germany-based lab.
Bankinter on Monday said that the risk assessment conducted by the Fraunhofer AISEC lab has deemed the security of Bankinter’s cloud-based Mobile Virtual Card technology to be “adequate” for EMV online payments. The lab completed the evaluation on the MVC platform by early January, but the bank is just now releasing a one-line statement from the lab results and is announcing the planned commercial launch in the run-up to the Mobile World Congress next week in Barcelona.
No lab report summary was immediately available and Fraunhofer AISEC did not respond to a request for comment or elaboration from NFC Times.