Türk Ekonomi Bankası to deploy HCE for contactless payments
Türk Ekonomi Bankası is to launch a mobile contactless payment application using Visa Europe’s host card emulation functionality to provide secure contactless payments.
HCE allows users to perform contactless transactions using card data stored in the cloud rather than on the device. The bank’s customers will be able to make Visa contactless payments at more than 2.4 million contactless terminals across.
Gökhan Mendi, senior assistant general manager for retail and private banking at TEB said “We aim to pioneer payment innovation and we are proud to be working with Visa Europe to create a cloud-based contactless mobile payment infrastructure for our customers.”
At Mobile World Congress this year Visa Europe announced that more than 30 banks were due to go live with HCE-enabled services by the end of 2015.