Wirecard Adds Host Card Emulation Tech to Its Mobile Wallet

Published March 25, 2014, 12:09 p.m. EDT

Updated March 25, 2014, 11:09 a.m. EDT

1 Min Read

Wirecard has integrated Host Card Emulation into its mobile wallet platform, enabling businesses to handle contactless mobile payments with fewer of the hurdles inherent to Near Field Communication payments.

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HCE technology allows issuers, retailers and other mobile wallet providers to support NFC payments without access to a phone's secure element. Google, Visa, MasterCard and several other companies have begun supporting HCE in recent months.

"HCE is opening up this market to different players, allowing them to operate more quickly and flexibly in future," states Markus Braun, CEO of Munich-based Wirecard, in a March 25 news release.

Mobile payment systems can be combined with other types of accounts, such as loyalty and voucher systems, Wirecard says in the release.

Earlier this year, Wirecard integrated Bluetooth Low Energy into its mobile wallet as another wireless payment option.

"Our aim is to offer innovative solutions for a mobile, cashless future," Braun says in the release.

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Evan Nemeroff joined SourceMedia in January 2011 as a reporter for Mortgage Servicing News� Managing REO. Topics that he writes about includes REO... Read full bio

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