Cryptomathic Delivers Security Matrix for Android Host Card Emulation

Android’s counter-punch to the new one touch Apple Pay function which uses near-field communication technology, can be found in the cloud-based formula of host card emulation.

The difference between the two is built largely around the nature of the Apple’s closed-source system versus the Android’s open-source programming environment.

Whereas Apple has built the safety of the encrypted information into an actual hidden component chip inside the impenetrable fortress which is the iPhone 6 or 6 Plus; Android’s answer is to use a virtual component emulating the chip-set for a particular transaction with secure cryptographic elements secured in the cloud.

Featured in the newly released white paper on the subject which can be downloaded as a PDF, (Cryptomathic White Paper), is a basic blueprint to help banks and online payment processors build better safety for applications when delivering this new payment technology.

“We’re seeing an increased desire from banks to capitalize on the benefits brought by HCE,” explained Peter Landrock, Executive Chairman and Founder of Cryptomathic.

“As such, many developers are looking to create their own mobile banking applications, yet often, they require additional technical expertise; Cryptomathic aims to share its knowledge and expertise on the mobile payment space and offer recommendations on how to secure banking, payment and HCE applications.”

One thing for certain is that the battle for payments supremacy is on and the benefit will go to the consumers as we are rewarded with safer and easier payment options in the future.