Westpac is trialing Host Card Emulation (HCE) mobile payments and is the first bank in New Zealand to do so, according to an announcement from the financial institution.
“The other components we are looking to incorporate are transport cards for buses and trains, loyalty programmes such as Hotpoints and potentially even forms of ID like a driver’s license. What we’re working towards is a true digital wallet experience that is safe and easy to use.”
Developed in partnership with global payments innovators Carta Worldwide, Wespac said security is a key feature of the digital wallet.
Carta’s Chief Technology Officer Rui Mendes said: “With our advanced, layered security, each individual mobile transaction is protected. HCE enables mobile secure transactions that are compatible with existing contactless terminals. With Carta’s advancements in data security along with user app features like mobile PIN, our cloud based solution is just as secure as the existing plastic card.”
View a commercial about the trial in the video below:
About Westpac Bank New Zealand
Westpac Bank New Zealand is the second largest bank and financial service providers in New Zealand. Headquartered in Sydney Australia, Westpac has over 12.2 million customers, with almost 1200 branches and a network with more than 2900 ATMs. www.westpac.co.nz
About Carta Worldwide
Carta Worldwide is an international leader in digital transaction technology, specializing in mobile and emerging payments. Carta’s next-generation platform is specifically architected to meet the complexities of the evolving payments environment. Leading innovation in advanced solutions for tokenization and cloud based payments, Carta excels where legacy systems are challenged, delivering end-to-end solutions that bridge the gap between financial and mobile systems.