Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, today announced its selection by Getin Bank to introduce mobile proximity payments relying on HCE (Host Card Emulation), a cloud-based protocol simplifying mobile contactless payment implementations.
With this service Getin is the first bank in Poland to propose a mobile payment program using this Cloud-based approach. The solution provided by OT will be available to all Getin Bank customers at the end of the first quarter of 2015. Using NFC-compliant smartphones based on Android 4.4 or upper operation system versions, customers will be able to perform contactless payments, regardless of their mobile operator.
How it works
Customers only need to install the Getin Bank HCE mobile wallet and register their Visa mobile card in it. To make a transaction, they will log in to Getin Bank’s application and tap their mobile phone on a contactless payment terminal. Transactions up to 50 PLN (12€) will not require confirmation with a PIN. The application will also allow them to check the history of performed transactions and manage their payment cards.
“Proximity payments are gaining momentum in Poland, that’s why we constantly work on the development of this kind of service. Visa cloud-based payment and HCE are currently the most advanced technologies that are available on the market of mobile payments. Thanks to the cooperation with OT, our customers will soon be able to enjoy this innovative, secure and convenient service” said Pawel Wawiernia Director of Payment Cards and Alternative Payments Department at Getin Noble Bank.
“These are very exciting times with everything that’s going in digital mobile payments. At OT, we believe in a fragmented world in which HCE will be one of a number of different technologies leveraged by banks to deploy mobile financial services. We have a unique position in the industry and an important value to bring to our customers given our wide experience extending from NFC ecosystems based on hardware security to cloud-based mobile payment”, said Marek Juda, Managing Director of the Solutions Business Unit at OT. “As usual, and for this new HCE technology in particular, we closely collaborate with Payment Schemes to ensure compliance with their specifications and certifications. We are ready to answer our customers in their variety of technological choices, including HCE”.
HCE was introduced on Android platforms at the end of 2013 and is now endorsed by major payment schemes. Relying on OT’s solution, Getin Bank performed a first transaction compliant with Visa specifications for HCE at the end of December 2014.
OT leverages combined experience in secure credentials management for banks and in cloud-based mobile financial services to address HCE’s underlying challenges: security, impact on the payment infrastructure, usability and standardization.
„Though Libra has met with fierce resistance from central banks and supervisory authorities and might never see the light of day, in many other cases tech firms (both start-ups and established big players) have successfully captured bits and pieces of universal banks’ traditional value chain. This trend may only intensify in the coming years. In this environment, European banks remain squeezed.”