The future NFC based HCE token service will consist of HCE payments

New HCE (Host Card Emulation) will enable SWIM mobile app issuance and subsequent HCE payments transaction processing through HCEservice.com with security provided by a Public Key Infrastructure (PKI) security token framework. Secure NFC based applications will include EMV card token payments, person-to-person (P2P) EMV card token payments transfer, gift cards, remote ticketing, and marketing applications such as loyalty and coupon programs.

More

Card Issuers and Card Schemes proposed as the best wallet trust…

With the emergence of ever-smarter mobile phones with Near Field Communications (NFC) and the Host Card Emulation (HCE) standards, the mobile phone has the potential to complement traditional Internet or SMS payment channels. Instead of pulling out the physical wallet to access cash, credit cards, loyalty cards, coupons or tickets, everything can be securely stored in, and retrieved through, the mobile phone.

More

Mobile Payments market is booming….

Enterprises are enhancing their customer relationships by providing smartphone apps using capabilities such as NFC, location information combined with secure in-app and online payments. “The mobile phone will eventually become the device through which every day consumer mobile payments are made. It will become the personal digital wallet, containing digital card accounts, which replace or at least complement physical cards, cash and coupons.”

More