Mozido LLC has added Host Card Emulation to its mobile payment platform, making an investment in SimplyTapp for access to its patented cloud-based technology.

The investment enables Austin, Texas-based Mozido to offer Near Field Communication payments through any application, while complementing its recent acquisition of CorFire and its NFC payment capabilities.

Host Card Emulation, or HCE, enables mobile devices to initiate contactless payments without requiring access to the secure element. Since the mobile carriers typically control access to the secure element on handsets they sell, HCE enables developers to create mobile wallets without having to confront that hurdle.

By incorporating technology from SimplyTapp and CorFire, Mozido will provide a "plug-and-play" mobile payment option, the company states in a March 31 press release.

"NFC payments are shifting now toward HCE as a more open platform than the proprietary hardware-based programs that we’ve seen in the last few years, and SimplyTapp has been a critical force in this evolution," Mike Love, president of Mozido, stated in the release.

A provider of white-label mobile wallets and mobile commerce systems for banks and businesses, Mozido also offers tokenization for payment security and loyalty programs, and money management tools for underbanked and unbanked consumers.

Industry experts view HCE as the technology that will eventually bring payments and loyalty programs together in the same mobile wallet.

Last year, SimplyTapp introduced an open platform for card issuers and mobile app developers to quickly integrate HCE in their products and apps.

Mozido did not disclose the amount of the investment it made in SimplyTapp, but the move comes as part of a fast-paced first quarter of 2015 for Mozido. The company hired former MasterCard executive Ron Hynes in January as president for global markets and followed that up in February with the acquisition of PayEase Corp. to gain a stronger foothold in the Chinese market.

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