Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

CARTA WORLDWIDE DELIVERS HOST CARD EMULATION FOR NFC MOBILE PAYMENTS WITH BANCO SABADELL

CARTA Worldwide Delivers Host Card Emulation For NFC Mobile Payments With BANCO SABADELL

Carta Worldwide announces the launch of its technology pilot with Banco Sabadell, delivering Host Card Emulation (HCE) for NFC mobile payments.

Next-generation transaction technology provider, Carta Worldwide, announces the launch of its technology pilot with Banco Sabadell, delivering Host Card Emulation (HCE) for NFC mobile payments.

HCE02 - Global Banking | FinanceThis solution simplifies the complexity typically associated with mobile payment deployments, enabling EMV secure proximity transactions that are compatible with existing contactless POS acceptance systems without the need for traditional integration and system upgrade costs.

The trial will be the most advanced of its kind. Combining innovative software on the mobile device with highly secure cloud processing, this unique technology eliminates the need to deliver and manage NFC credentials on the device. The comprehensive HCE solution provides full lifecycle support for cardholder credentials and transactions. It will use devices with Android OS KitKat 4.4 and support NFC-based High Value Transactions (HVT) with mobile PIN.

Backed by Carta’s next generation transaction technology, the solution allows Sabadell to rapidly connect and deploy while minimizing cost and time associated with integration and system upgrades.

Banco Sabadell was one of the banks selected to conduct this pilot based on its pioneering role in payments innovation and implementation of technology and solutions for mobile banking.

According to Albert Figueras, Director of Credit Cards and Consumer Finance at Banco Sabadell: “The most notable feature of this pilot is how easy it is for users to add their credit cards to their phone without having to manipulate any physical secure element or rely on 3rd party service providers.”

Carta CEO Brian Semkiw noted: “HCE technology will accelerate the deployment of NFC based mobile products with a fraction of the cost of traditional models that are currently in market. I’m very excited about the potential for this technology breakthrough to accelerate deployment of NFC mobile payment services.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post