Windows and Outlook search annoying you? Be in to win one of ten Lookeen Desktop Search licenses now

Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Westpac trials HCE Digital Wallet technology
Posted on 22-Jul-2014 14:09. | Tags Filed under: News.



Westpac is trialling Host Card Emulation (HCE) mobile payments, the first bank in New Zealand to actively do so and one of only a handful of banks globally to be using the innovative ‘digital wallet’ technology.

The three month trial, which uses Carta Worldwide HCE technology, enables credit and debit card details to be securely stored in a remote and hosted ‘cloud’ environment, accessible from Android smartphones.

This places all relevant customer information in one place without the need to carry and use a physical credit or debit card.
After downloading a digital wallet app and registering their card details, customers will be able to use Near Field Communication enabled Android handsets to make payments at any contactless terminal.

Westpac’s Chief Product Officer Shane Howell said the trial is the first step towards a completely digital wallet in New Zealand, and is expected to be available to customers early next year.

“We already use our smartphones to organise so many aspects of our lives, so using them to make payments is just a natural extension of this. This is the first of four key components we are looking to develop that will make up a digital wallet for Westpac customers.

“The other components we are looking to incorporate are transport cards for buses and trains, loyalty programmes such as Hotpoints and potentially even forms of ID like a driver’s license. What we’re working towards is a true digital wallet experience that is safe and easy to use.”

Developed in partnership with global payments innovators Carta Worldwide, security is a key feature of the digital wallet.

Carta’s Chief Technology Officer Rui Mendes said “With our advanced, layered security, each individual mobile transaction is protected. HCE enables mobile secure transactions that are compatible with existing contactless terminals. With Carta’s advancements in data security along with user app features like mobile PIN, our cloud based solution is just as secure as the existing plastic card.”

Howell says banking is in a period of digital disruption and payments are a focus of innovation all over the world.

“Payments are something that customers do daily and developing ways to make things easier via digital and mobile channels is a focus for us.

“We have chosen to go this way as technology is developing so quickly and we can ensure flexibility by using HCE. Working within an industry wide group such as the TSM (Trusted Services manager) may not allow that flexibility.”

The trial is with 40 selected Westpac staff and customers across the country.



comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Gravitational waves observed for the first time, proving Albert Einstein right 100 years on.
Created by tehgerbil, last reply by joker97 on 14-Feb-2016 18:31 (64 replies)
Pages... 3 4 5


5.9 in Christchurch, effing scary. Was a biggie.
Created by tehgerbil, last reply by Djmixerdomo on 14-Feb-2016 20:29 (20 replies)
Pages... 2


Speed camera ticket 55km in 50km zone?
Created by johnr, last reply by Technofreak on 14-Feb-2016 19:57 (41 replies)
Pages... 2 3


Netflix Crackdown - have you been affected?
Created by Paul1977, last reply by Yabanize on 14-Feb-2016 16:00 (368 replies)
Pages... 23 24 25


Whats something small that really annoys you?
Created by Finch, last reply by surfisup1000 on 14-Feb-2016 09:21 (480 replies)
Pages... 30 31 32


Plug Adapter Plug Query.
Created by steve181, last reply by steve181 on 13-Feb-2016 19:22 (15 replies)

Replacement genuine Laptop batts becoming unavailable in NZ ?
Created by 1101, last reply by 1101 on 12-Feb-2016 16:29 (15 replies)

Sex toys and Waitangi Day - Whats your take on the flip flopping day.
Created by Mspec, last reply by pctek on 12-Feb-2016 16:47 (114 replies)
Pages... 6 7 8