Clients of Priorbank can use service of contactless mobile payments

The OpenWay company and Priorbank (Belarus) developed service for contactless mobile payments. Now clients of bank will be able to use phone as universal remedy of payment. Support of service is implemented for holders of cards of MasterCard.

To begin to use service, the client of Priorbank downloads the application on phone and in several "clicks" creates in it mobile version of the bank card. The card becomes available on phone to payments in trade and service companies — shops, restaurants, everywhere, where POS terminals with support of technology of contactless payments are installed. Each transaction higher than 200 thousand Belarusian rubles is confirmed by input of the PIN code. Access to cards on phone is password-protected applications. The bank is going to implement service of release on phone of both debit, and credit cards, told in the company.

The solution Way4 HCE allows issuers to issue independently virtual cards in the mobile phone of the client and to store their protected data on servers of bank. The technology provides the due security level of storage of financial information according to international standards, emphasized in OpenWay. All owners of phones with support of NFC working on the Android KitKat 4.4 operating system above will be able to use service.

"The solution which we presented today — one of the contactless mobile payments, newest in area — Sergey Shishov, the vice chairman of the board of Priorbank said. — The technology (HCE) selected by us for project implementation opens huge opportunities. Consumers will receive the comfortable, fast payment instrument. We are sure that implementation of this technology will become an event not only for us, but also for the market in general. Priorbank is going to work actively on implementation and distribution of technology of contactless payments in Belarus and also to actively promote increase in financial literacy of the population and development of cashless payments in Republic of Belarus".

Despite entry into the world market of payment solutions of the international technology giants, such as Apple Pay Android Pay Samsung Pay, the processing companies and banks are also interested in development of own mobile solutions for tokenization and contactless payment that will help them to save a brand and a direct connection with the client. The solution Way4 HCE for issuers provides expansion of a line of the innovation card products, economy on release and delivery of plastic to the client, the high output speed of new service on the market and security, claim in the company. The solution allows not only to release a mobile analog to the existing card of the client, but also to offer virtual prepaid cards to new clients. The instant release of such cards can be organized in mobile sales points and also during the mass actions — as the ticket and means of payment, noted in OpenWay.

"We see the interest of our clients in the solution Way4 HCE and we already implement several pilot projects in Europe and Central Asia. Also in the nearest future we are going to support protocols of international payment systems — MDES and VDEP that will give the chance to banks to service contactless payments on the MasterCard and Visa cards using services of tokenization of payment systems" — Dovgal Dmitry, the associate director on business development in Russia and the CIS reported.

According to developers, the solution Way4 HCE is developed taking into account compatibility with any processing system. Besides, OpenWay implemented a set of development tools of Way4 HCE SDK that the bank had an opportunity to embed functionality of Way4 HCE in proprietary mobile applications (for example, mobile bank based on Way4 or other platform).