Card manufacturer and NFC specialist ABnote has partnered with SimplyTapp to utilise the latter firm's Host Card Emulation (HCE) platform for a new line of secure, cloud-based NFC payment solutions.
ABnote has announced that its Trusted Service Manager (TSM) solutions will integrate with SimplyTapp's HCE platform to support both standard Secure Element (SE) cloud implementations and token-based solutions.
The service, which is set to be hosted within ABnote's global network of data centres, represents the first of its kind and is intended to allow traditional retailers and financial institutions to compete with companies such as PayPal and Stripe in the digital innovation stakes.
ABnote global CIO John Ekers said consumers, issuers and mobile network operators alike will benefit due to the "competitive pricing landscape" and support for multiple network and device configurations, such as offline tokens.
Another advantage is that it is an Android platform, and so already adopted by mobile network operators, which will provide a faster and more secure way to manage essential cardholder details.
By Gary Cooper