Royal Bank of Canada has added HCE to their mobile app, allowing customers with an NFC-enabled Android phone to pay for items in-store via mobile.
HCE allows clients to use any near field communication (NFC) enabled Android phone to pay at the point of sale with the RBC Mobile app anywhere in the world. RBS is the first North American financial institution to develop a solution of this kind, at the end of a year that has seen a serious boost to mobile payments.
The bank is testing the solution with a group of RBC employees, who will be able to pay using their RBC Interact Debit card. Visa and MasterCard will be added in due course, the company said.
“We are committed to providing our clients with the most innovative, convenient and secure solutions to pay how they want, when they want – HCE is a critical step,” said Linda Mantia, executive vice-president of Digital, Payments and Cards at RBC in a release. “HCE makes RBC Secure Cloud mobile payments even easier to use.”
Whitepapers
Related reading
5 ways blockchain can change the cross-border payments landscape
Cross-border payments is a changing sector of the industry, driven by customers demanding little to no friction and encountering multiple steps, intermediaries ... read more
The SME technology revolution | video
The UK is home to 5.4m micro SMEs that have fewer than nine employees, according to the House of Commons library. They ... read more
JP Morgan blockchain network showcases banks’ DLT progress
JP Morgan’s expansion of its blockchain-based interbank payments project signals that major banks are stealing a march on disruptors and startups by ... read more
Security a priority for EU’s INATBA blockchain taskforce
The European Commission’s new blockchain initiative, the International Association for Trusted Blockchain Applications (INATBA), should focus on quashing extant security concerns around ... read more