INSIDE Secure’s MatrixHCE integrates Visa’s Token Services for HCE mobile payments

matrixHCEFinancial institutions can now select INSIDE Secure’s MatrixHCE™, a VisaReady, approved mobile banking and payment solution, to easily and confidently roll out mobile wallet applications within a few weeks.

MatrixHCE is a software solution that effectively protects sensitive data on mobile devices and allows mobile phones to be used as payment cards (credit, debit or prepaid) in the retail environment and supports key features such as transaction logging, receipts, biometric authentication and token processing.

The solution provides host card emulation (HCE) functionality based on the leading payment brand standards, starting with support for Android mobile payment apps and plans on extending the support for other Mobile OS in future as the demand grows. MatrixHCE is targeted to allow Mobile Banking & Payment App developers to speed up their development and time to market by combining host card emulation (HCE), Payment & Security as a packaged solution.

“INSIDE Secure is thrilled to extend our relationship with Visa to deploy issuer wallets based on MatrixHCE, one of the first mobile payment solutions for banks,” said Andrew McLennan, executive vice-president of INSIDE Secure’s Mobile Security Division. “MatrixHCE future proofs investment into payment solutions by meeting the latest HCE standard and anticipating future requirements including updatable whitebox cryptography to protect tokens, code and data.”

The solution provides host card emulation (HCE) functionality based on the leading payment brand standards, starting with support for Android mobile payment apps and plans on extending the support for other Mobile OS in future as the demand grows. MatrixHCE is targeted to allow Mobile Banking & Payment App developers to speed up their development and time to market by combining host card emulation (HCE), Payment & Security as a packaged solution.

Banks that choose to partner with INSIDE Secure, say the comapny, can now benefit from a streamlined engagement and deployment process; a secure and comprehensive SDK to meet wide range of issuer needs; pre-approved and integrated with Visa token servers; and support for other leading payment networks.

To learn more about MatrixHCE and its benefits, follow the link.

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Categories: Host Card Emulation, Tokenization

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