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:

Why does fuel cost more in Auckland ?
Created by Mark, last reply by Oblivian on 24-Apr-2015 21:01 (28 replies)
Pages... 2


Global mode over ? Lets see.....
Created by xpd, last reply by DonGould on 28-Apr-2015 12:35 (675 replies)
Pages... 43 44 45


Spark Intermittent connectivity - 26/04/2015 - 8:30PM
Created by wasabi2k, last reply by Jase2985 on 27-Apr-2015 21:16 (42 replies)
Pages... 2 3


Is Netflix too much traffic for your ISP?
Created by JohnButt, last reply by DonGould on 27-Apr-2015 12:33 (72 replies)
Pages... 3 4 5


Crash Testing
Created by heylinb4nz, last reply by MikeB4 on 24-Apr-2015 21:30 (18 replies)
Pages... 2


Are on road costs a rort in NZ?
Created by mattwnz, last reply by Geese on 28-Apr-2015 15:34 (33 replies)
Pages... 2 3


Front door leaking - how to fix this?
Created by lissie, last reply by lissie on 28-Apr-2015 11:07 (16 replies)
Pages... 2


Worlds worst Chorus install goes viral.
Created by Lias, last reply by Athlonite on 26-Apr-2015 20:10 (97 replies)
Pages... 5 6 7