Boston, November 20, 2014 – Host card emulation is a unique approach to mobile proximity payments that frees the payment process from the mobile device. It has the potential to create new channels and approaches to payments, but it’s only just now entering the market, and the technology faces challenges to becoming an established component of the payment ecosystem. Will it be broadly adopted by financial institutions and other payment organizations and revolutionize the way that people and merchants transact business?
This Impact Note is based on research into the technology and interviews with key professionals in the NFC and HCE space in the United States and Europe, describes the evolution of HCE, outlines the difference between HCE and other NFC-enabled proximity payment approaches, and lays out the opportunities and risks to successful implementation of the technology in the United States. Finally, it introduces current HCE solution providers Sequent, Simply Tapp, Bell ID, Carta Worldwide, Seglan, and Worldline.
This 19-page Impact Note contains three figures and two tables. Clients of Aite Group's Retail Banking & Payments service can download this report.