BPC Banking Technologies brings SmartVista HCE solution to global market

BPC Banking Technologies brings SmartVista HCE solution to global market
30.07.2015 01:00 am

BPC Banking Technologies brings SmartVista HCE solution to global market

Banking , Infrastructure

BPC Banking Technologies, the leading provider of Open System payment solutions, announces the launch of SmartVista Host Card Emulation (HCE) solution ready to be implemented as an integrated or stand-alone module or as a service. SmartVista HCE solution is compliant to all functional and security standards set by international payment systems.

BPC Banking Technologies’ HCE solution includes: server part (HCE cloud), crypto-module and specific interfaces to SmartVista processing system related to authorization and virtual cards issue and replenishment. 

HCE enables all financial organizations to offer user-friendly services such as prepaid virtual card issue for non-customers or linking the virtual card to existing account. The account replenishment could be fulfilled via P2P remittance or NFC-compliant ATM. BPC’s solution fully supports 3D-Secure and SecureCode.

BPC Banking Technologies also offers an application that could be downloaded via GooglePlay (for Android-based smartphones, v.4.4 and higher), which is activated immediately by touching the POS-terminal, thus every customer could benefit from contactless payments usage. The application provides an instant virtual non-personalised card issue and enables the customer to fulfill payments at any NFC supporting terminals. During registration a customer enters his mobile PIN-code once at a time, to verify all future operations. QR-code could also be used to download the application.

In order to process payments, the system generates one-time session keys for every transaction, as well as provides secure connection of applications. BPC Banking Technologies also offers a set of pre-installed keys that could be used for payments in case if the Internet connection is weak or lost. A soon as the smartphone is connected to Internet these keys are automatically renewed. Additionally, a customer may even verification by fingerprints, if this option is supported by smartphone. Every payment operation is also confirmed by SMS.

“HCE technology opens the way to all mobile payments market players: banks are now free to launch convenient products, retailers get a new payment method, while customers enjoy easy and quick payment tool – always in your smartphone. Our solution enables financial organisations to cut the timeline for new product launch significantly and to skip this time-consuming bureaucracy with third-party providers. As a result the bank gets numerous benefits– existing clients loyalty increase, new customers attraction and instant return on investments to HCE”, comments Vasily Grigoriev, Executive vice president, BPC Banking Technologies.

Related News

Temenos Wins Google Cloud Technology Partner of the Year Award for Financial Services

 Temenos (SIX: TEMN), the banking software company, today announced it has been recognized by Google Cloud as its Technology Partner of the Year in Financial Services. This... Read more »

Wolters Kluwer Innovates with New Banking Tech Launch to Facilitate Paycheck Protection Program

Wolters Kluwer Compliance Solutions has launched a dedicated banking technology solution, utilizing its market-... Read more »

More than 90% of UK consumers claim technology offering impacts their choice of bank, fintech finds

 Research conducted by new entrant to the UK fintech market, Modularbank, in partnership with market research specialists, OnePoll, has found that over 90% of... Read more »

Pannovate partners up with Salt Edge to deliver instant PSD2 compliance

Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer... Read more »

National initiative launched by Fintech Tully aims to help 17 million people in the UK who have been financially impacted by COVID-19

Tully, Nottingham-based Fintech, has today announced the launch of their COVID-19 Relief and Wellbeing Network to help people financially impacted by the COVID crisis get... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel