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March 24, 2015updated 04 Apr 2017 4:03pm

CBA chooses G&D for HCE enabled mobile banking

Commonwealth Bank of Australia (CBA) has selected Giesecke & Devrient (G&D) to provide commercial cloud payment solution for the bank's newly launched HCE (Host Card Emulation) enabled contactless payments service.

By Verdict Staff

Commonwealth Bank of Australia (CBA) has selected Giesecke & Devrient (G&D) to provide commercial cloud payment solution for the bank’s newly launched HCE (Host Card Emulation) enabled contactless payments service.

The CBA mobile payment service will use G&D’s Convego CloudPay solution and will form a part of CBA’s CommBank mobile banking application.

Convego CloudPay solution will comprise a CloudPay Server and CloudPay Client with the server providing an online interface to CBA and the CloudPay Client, a secure software library integrated into CBA’s CommBank app, will offer a secure storage for the payment card data and payment engine to execute mobile transactions.

The G&D CloudPay service will provide for the provisioning and life-cycle management of the bank’s payment cards on the end users’ smart-phones.

The new service will enrich CBA´s broad mobile services offering customers secure mobile payments at all contactless enabled merchant locations across the country.

G&D member of the management board and head of the mobile security business unit Stefan Auerbach said: "After the successful CBA releases of contactless mobile payments on the iPhone and the Samsung Galaxy S4, G&D now provides the technology and expertise for one of the world´s first commercial roll outs of a Cloud HCE based mobile payments on Android smartphones."

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