|English: The Montreal head office of the Royal Bank of Canada is the Place Ville-Marie's largest tenant (Photo credit: Wikipedia)|
HCE allows clients to use any near field communication (NFC) enabled Android phone to pay at the point of sale with the RBC Mobile app anywhere in the world. RBS is the first North American financial institution to develop a solution of this kind, at the end of a year that has seen a serious boost to mobile payments.
The bank is testing the solution with a group of RBC employees, who will be able to pay using their RBC Interact Debit card. Visa and MasterCard will be added in due course, the company said.
“We are committed to providing our clients with the most innovative, convenient and secure solutions to pay how they want, when they want – HCE is a critical step,” said Linda Mantia, executive vice-president of Digital, Payments and Cards at RBC in a release. “HCE makes RBC Secure Cloud mobile payments even easier to use.”