Visa to Enable Secure, Cloud-Based Mobile Payments
Introduces new standards, tools and guidelines for Visa payWave
Extends Visa Ready Program to enable Visa payment functionality in the cloud
Visa’s support for cloud-based payments follows the introduction of a new feature in the Android mobile operating system called Host Card Emulation (HCE); HCE allows any NFC application on an Android device to emulate a smart card, letting users wave-to-pay with their smartphones, while permitting financial institutions to host payment accounts in a secure, virtual cloud.
“Our clients and partners around the globe are continuously looking for
flexible, cost efficient and secure ways to enable mobile payments,”
According to data released by
“The Android community continues to build innovative ways to improve the
lives of mobile users. We introduced HCE to make it easier for
developers to create NFC applications like mobile payments, loyalty
programs, transit passes, and other custom services,” said
Visa Ready for Cloud-Based Payment Applications
In addition to supporting clients who are hosting the Visa account data on secure elements in smartphones, Visa is extending the Visa Ready Program to also support financial institutions and partners who wish to securely deploy Visa accounts in the cloud. The program provides new standards, tools, services and implementation guidelines, and ensures that cloud-based applications with Visa payment functionality are compatible with Visa’s requirements and payment industry security standards. The program includes:
- Standards: Visa has enhanced its contactless payment application, Visa payWave, and is introducing a new standard, requirements, program approval process and implementation guidelines to enable financial institutions to securely host Visa accounts in a virtual cloud. The initial Visa payWave standard for cloud-based deployment is available now. Future versions of the Visa payWave standard will add support for QR codes and in-app payments.
- Tools: Visa is also developing a software development kit (SDK) to support clients who wish to develop their own cloud-based payment applications or want to enhance their existing mobile banking applications with Visa payWave functionality.
- Services: Visa is developing a new service and platform, to enable clients and partners to issue Visa accounts digitally – in the cloud, on secure elements in smartphones, or linked to a digital wallet. The solution will also enable the issuance of payment tokens that will replace the 16-digit payment account number and can be limited for use with a specific device, payment channel or merchant.
Ensuring payment security is one of Visa’s highest priorities and security in cloud-based payments is no exception. Visa will deploy several layers of security to protect payment accounts in the cloud, including at the Visa network, application and hardware levels. One-time use data, real-time transaction analysis, payment tokens and device fingerprinting technology make up a multi-layered defense against unauthorized account access.
Additional Visa Client Quotes:
Visa clients in
“We're pleased to support Visa's announcement today, which is an
important development in helping customers transact in a simple and
secure way. Incorporating cloud-based NFC mobile payments with Visa
payWave contributes to setting a level of market maturity that supports
choice for the customer and uses existing merchant terminals,” said
“Today’s announcement from Visa will assist NAB in achieving its goal of
secure account storage on the cloud, which will allow customers to shop
online or in-store with their mobile device,” said
“We believe Visa’s decision to enable cloud-based NFC payments is a
critical step in providing clarity and certainty to our consumer and
merchant clients of an innovative, easy and secure mobile payments
“Customers have migrated to their smartphone and we are at the doorstep
of consumers migrating to mobile commerce in greater mass,” said
Briefing for press only at
For more information, please contact firstname.lastname@example.org.
About Visa Europe
There are 500m Visa cards in
Since 2004, Visa Europe has been independent of
Elvira Swanson, +1-650-504-4537
Visa Inc. Asia Pacific
Angela Parr, +65 66715388
Visa Inc. Canada
Michelle Michalak, +1-416-860-8895
Visa Inc. Central Europe, Middle East and Africa
Monica Barten, +65 66715709
Eleanor Orebi, +44 7435 764 482