Spain’s BBVA has commercially rolled out a host card emulation (HCE)-based mobile contactless payments service, using new cloud-based payment specifications from Visa.
The new cloud-based payment system will enable BBVA customers with NFC-enabled Android handsets to make contactless purchases by simply downloading an updated version of the BBVA Wallet app, available immediately.
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BBVA Global Payment Systems director Mehmet Sezgin said that the banks’ customers are already using this latest technology that gives BBVA the opportunity to offer its customers a simple and intuitive way to start using their phone for contactless payments.
Already operating in Spain, the BBVA Wallet update will be extended to BBVA customers in the US, Mexico and Chile in 2014.
"Our goal is for BBVA Wallet to become a product that is carried by and used by our customers across all the geographical areas in which we operate," Sezgin added.
Cloud-based payments enable in-store payment transactions using secure data held within the banks ‘cloud-based’ systems, without the need to depend on a hardware-based Secure Element.
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By GlobalDataHCE technology is being incorporated into the main mobile operating systems and already works with the newest versions of Google’s Android 4.4 system.
