INSIDE Secure is launching a white-label Android application for Host Card Emulation (HCE) based payments. The new MatrixHCE product enables mobile payment application providers to accelerate time to market by using the pre-validated HCE payment functionality. It includes the highest level of software security to defend against any attacks in the hostile mobile environment.
MatrixHCE supports the HCE payment standards announced by major payment brands such as Mastercard and VISA, in preparation for the global commercial rollout later this year. It benefits from the software obfuscation and whitebox encryption security technologies developed by Metaforic. These have successfully undergone extensive penetration tests at external security labs. MatrixHCE also embeds secure networking communication technologies to protect the exchanges between the cloud server and the mobile application, thereby further protecting banking and payment data.
“The mobile payment market has tremendous potential and we are excited to bring this innovative offering to market to accelerate deployments,” said Simon Blake-Wilson, executive vice president of Mobile Security division at INSIDE Secure. “Our solution raises the bar on software security by combining application and cloud security to solve the critical problem in delivering workable HCE based payment solutions.”
HCE enables widespread deployment of mobile payments, which have previously been restricted by the limited deployment of hardware secure elements in mobile devices. However HCE adoption has been hampered by the security concerns associated with software payment applications running on open mobile platforms.
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