Visa to enable cloud-based m-payments

Thursday 20 February 2014 08:27 CET | News

Visa has unveiled plans to provide their clients with the option to deploy mobile payment programs, including an option to host Visa payWave-enabled accounts in a virtual cloud.

Visa’s support for cloud-based payments follows the introduction of Host Card Emulation (HCE) in the Android mobile operating system. HCE allows NFC application on an Android device to emulate a smart card, enabling users to wave-to-pay with their smartphones, while permitting financial institutions to host payment accounts in a virtual cloud.

Visa is set to deploy several layers of security to protect payment accounts in the cloud, including at the Visa network, application and hardware levels. One-time use data, transaction analysis, payment tokens and device fingerprinting technology is set to make up a multi-layered defense against unauthorised account access.

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Keywords: Visa, cloud, m-payments, mobile payments, virtual cloud, payWave, Host Card Emulation
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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