One-time passcodes or more complex passwords are not enough, and add friction and potential frustration for the user. The solution is mobile identity authentication, writes Randy Vanderhoof, executive director of the Secure Technology Alliance.
Police in Sydney, Australia reportedly arrested two men this week suspected of using Host Card Emulation technology to make fraudulent debit card purchases amounting to AUS$1.5 million (US$1.1 million).
Banks across Europe are steadily launching contactless payments via digital wallets powered by host card emulation (HCE), and Poland’s ING Bank Śląski the latest to deploy the technology within its ING app.
Ukraine-based KredoBank has launched a digital wallet that uses host card emulation (HCE) technology to enable contactless mobile payments with Android handsets, and it’s backing the new service with a promotional campaign to win prizes on Facebook.
U.K.-based Rambus Ecebs, a provider of mass-transit ticketing technology, is harnessing Host Card Emulation (HCE) for its new service supporting a virtual ticketing app that can replace physical transit cards.