MasterCard to use HCE for NFC-based mobile payments

Thursday 20 February 2014 09:30 CET | News

MasterCard has unveiled that it will publish a specification that leverages Host Card Emulation (HCE) for near field communication (NFC) payment transactions.

The approach is set to enable consumers to use their MasterCard-branded cards on their NFC-enabled phones to make contactless payments.

An open architecture, HCE enables payments and other NFC services, including loyalty programs, building access and transit passes, to be delivered without the use of a secure element (SE). The specification has been developed over the past year with US financial institutions Capital One and Banco Sabadell.

In recent news, Orange, a global mobile operator, has launched Orange Cash in Spain, a rechargeable prepaid card from MasterCard that can be used within smartphones or as a traditional payment card.

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Keywords: MasterCard, Capital One, Banco Sabadell, HCE, NFC, mobile, payments , Host Card Emulation, Near Field Communication, loyalty
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce