NFC Payments

NFC Payments

Payment tokenization is a method of securing digital payment by replacing the cardholder’s information with an algorithmically generated number called a token. Tokenization is also a critical solution to prevent card fraud. PayCraft offers tokenization services for major card schemes like Visa, Mastercard and Rupay. Our Tokenization solution takes care of Issuer on-boarding, Provisioning, Lifecycle Management and Notification services.
Tokenization delivers business value by reducing risk through reducing the sensitivity of data in the system. This typically means that investment for protecting sensitive payment data can be focused on one vault and a minimal set of critical payment processing solution, thereby reducing the risk surface and leading to greater business efficiency.

Host Card Emulation Tokenization Solution

Host Card Emulation (HCE)

HCE allows customers to store credit, debit and loyalty card information on their NFC-enabled Android smartphones without having to depend on a physical card. This encrypted and tokenized data is protected by additional layers of security and can be integrated seamlessly into mobile wallets.
With it, customers can make offline contactless transactions using NFC on their mobile phones without having to carry their cards everywhere, making it a safer and more comfortable means of payment; even without an internet connection.

Host Card Emulation (HCE)

HCE allows customers to store credit, debit and loyalty card information on their NFC-enabled Android smartphones without having to depend on a physical card. This encrypted and tokenized data is protected by additional layers of security and can be integrated seamlessly into mobile wallets.
With it, customers can make offline contactless transactions using NFC on their mobile phones without having to carry their cards everywhere, making it a safer and more comfortable means of payment; even without an internet connection.

Feature List

  • End to End HCE NFC Payment
  • Supports EMV and non EMV cards
  • Compatible with existing Acquiring Solution
  • Simple, Open and Secure
  • State of the Art customer experience
  • Integrated wallet for multiple cards
  • Supports Visa, Mastercard and Rupay

Tokenization Solution

Payment tokenization is a method of securing digital payment by replacing the cardholder’s information with an algorithmically generated number called a token. Tokenization is also a critical solution to prevent card fraud. PayCraft offers tokenization services for major card schemes like Visa, Mastercard and Rupay. Our Tokenization solution takes care of Issuer on-boarding, Provisioning, Lifecycle Management and Notification services.
Tokenization delivers business value by reducing risk through reducing the sensitivity of data in the system. This typically means that investment for protecting sensitive payment data can be focused on one vault and a minimal set of critical payment processing solution, thereby reducing the risk surface and leading to greater business efficiency.

Payment tokenization is a method of securing digital payment by replacing the cardholder’s information with an algorithmically generated number called a token. Tokenization is also a critical solution to prevent card fraud. PayCraft offers tokenization services for major card schemes like Visa, Mastercard and Rupay. Our Tokenization solution takes care of Issuer on-boarding, Provisioning, Lifecycle Management and Notification services.

Credit and debit cards carry a 16-digit card number called the Primary Account Number (or PAN) and a 4-digit expiry date. Together, these important numbers are the card payment credentials.

Tokenization delivers business value by reducing risk through reducing the sensitivity of data in the system. This typically means that investment for protecting sensitive payment data can be focused on one vault and a minimal set of critical payment processing solution, thereby reducing the risk surface and leading to greater business efficiency.

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Use Cases

Third party
wallet providers

Consumers can now make tap and pay transactions using their favourite Mobile wallets

Issuer
Wallet

Enables quick and secure transactions for Issuer wallets

Wearable
Wallets

Wrist bands or watches, make your payments by just tapping them on the acquiring device

e-Comm
Wallets

Buy online and pay on the store. Tokenization can revolutionize the online offline space of E-commerce and retail

Mobile Network Operator
Wallets

Making payments through mobile NFC has never been easier directly through your mobile network account

Feature List

  • On-boarding
  • Notifications management
  • Token Management
  • Provisioning for major Payment Scheme
  • Lifecycle Management