View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
March 30, 2015updated 04 Apr 2017 4:03pm

Bell ID to power ANZ’s HCE contactless mobile payments

ANZ Bank New Zealand has selected Dutch software company Bell ID's secure element (SE) in the cloud platform to provide Host card emulation (HCE) contactless mobile payments to its customers.

By Verdict Staff

ANZ Bank New Zealand has selected Dutch software company Bell ID’s secure element (SE) in the cloud platform to provide Host card emulation (HCE) contactless mobile payments to its customers.

Bell ID will help the bank launch its upgraded goMoney mobile app that will feature a cloud-based HCE near field communication (NFC) mobile wallet.

The app leverages Bell ID’s technology in delivering secure mobile payment services, as it does not require a separate app or SIM card upgrade for customers.

In addition to managing keys, certificates and credentials in a secure remote environment, the solution will also offer the functionality to complete (EMV payment) transactions using a standard contactless terminal and acceptance infrastructure.

Bell ID executive chairman Pat Curran said: "Much of the complexity associated with launching a mobile payments service is removed by storing the payment credentials in the cloud. ANZ can now create, issue and manage the lifecycle of HCE contactless payment cards, offering cutting edge services to its customers.

"The flexibility, control and speed to market offered by HCE makes it extremely attractive for banks like ANZ. And, as the platform is fully compliant to the latest international standards for mobile payment security and supports advanced on-device risk management, banks and customers can be confident that their money is safe," added Pat Curran.

ANZ’s head of digital channels and transformation Liz Maguire adds: "The mobile wallet is the next evolution in payments, enabling customers to use smartphones to make everyday credit or debit card purchases. Bell ID’s platform gave us all of the functionality we needed to bring this upgrade to market and gives us the option for further development down the line."

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU