With HCE, PBZ Group can store card account details in a virtual cloud. When a cardholder initiates a payment using an NFC-enabled mobile phone, the card account and payment details are transmitted from the cloud to the NFC-enabled mobile phone and POS terminal, enabling the cardholder to complete the transaction.
PBZ Group’s mobile NFC payment services are set to be enabled initially on smart phone devices. With HCE, PBZ Group is set to be able to provide mobile NFC payment services to all of its cardholders in Croatia, regardless of the mobile network operator, and on multiple payment networks.
Once a cardholder has registered for the mobile NFC payment service with PBZ Group, the cardholder then shall download the application to the mobile phone handset. Once that is done, the cardholder can enroll a payment card using two separate verification codes that are provided by PBZ Group. Then, when in a store, the cardholder ‘waves’ the mobile phone in front of an NFC-enabled POS terminal and the payment is completed.
In recent news, payment service provider Computop has been selected by American Express to offer to its customers the SafeKey payment solution.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.