Visa and MasterCard Announce Support for Host-Card Emulation

Visa and MasterCard Worldwide have announced support for host-card emulation and cloud-based payments, with Visa saying it already has initial standards ready and noted endorsements from banks in the U.S., Australia and Canada.

While Visa, the world’s largest payment network, continues to support payments with its application on secure elements, throwing its support behind cloud-based payments and host-card emulation, or HCE, is expected to offer strong momentum for the technology. 

Such banks as U.S. Bank, Australia’s ANZ and National Australia Bank and Royal Bank of Canada, or RBC, endorsed the move. RBC has already launched a cloud-based payments service that uses a hybrid technology combining cloud-based payments with a small applet and cryptographic tokens on secure elements. 

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