HCE Service has launched its SWIM (Software Wireless Identity Module) HCE mobile payments platform which provides a new and unique level of trust and security via the use of Public Key Infrastructure (PKI).
Card Issuers across the world are launching their own branded HCE (host card emulation) enabled
digital cards on mobile devices. Rapid mobile payments growth is expected as more cash transactions convert to digital driven by the “millennial” generation.
However, the current challenges with any HCE implementation are achieving strong customer authentication, auditability, end-to-end trust and security, and reducing implementation costs. To overcome these challenges, HCE Service has launched the world’s first PKI (Public Key Infrastructure) secured HCE card digitalising managed service – “SWIM” (Software Wireless Identity Module) HCE platform.
“SWIM has drastically dropped the implementation costs of HCE cloud payments while adopting open standards (HCE, EMV, PKI, NFC, PCI-DSS, white box cryptography and biometrics),” says Vivek Singh, Head of Business Development at HCE Service.
“SWIM provides strong customer authentication based on Digital IDs provided to mobile users and this is compliant to Payment Service Directive 2 (PSD2) requirements.”
SWIM comprises HCE Wallet App, PKI based credential management, tokenisation based account enablement, and authorisation processing components delivered as a PCI-DSS compliant private cloud infrastructure to Issuers (banks, wallet providers, transport, corporates, etc.). Issuer mobile apps integrate easily via SWIM Software Development Kits (SDK) and Application Program Interfaces (API).
Hence Issuers can look at launching a secure and certified HCE project in a few weeks, without any significant investment on hardware or development resources. As the adoption of HCE grows within their consumer base, Issuers can then decide to either continue down the path of Managed Service or bring the technology in-house.
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