Inside Secure, a provider of embedded security products for mobile and connected devices, today announced that it will reveal updates to its products for host card emulation payments next week at the Mobile World Congress in Spain.

According to the announcement, Proxama will leverage Inside's technology to release a new product for banks that are looking for "off-the-shelf" solutions that will allow them to offer HCE cloud-based payments for leading payment schemes. In addition, Inside will present some key updates to its robust HCE payment product to help solve the problem of integrating multiple technologies, including cloud systems, mobile applications, mobile application security, credential management, and certification, according to a press release. 

"We are thrilled to be leveraging Inside Secure's proven technology and expertise around HCE payment to support Proxama's digital enablement platform for HCE," said Mike Woods, payments CEO at Proxama. "The combination of Inside Secure's vast knowledge of payment and software security with Proxama’s recognized competencies on platform management is a powerful combination for the HCE payment market."

Although Google adopted HCE in 2013, Inside Secure said payment apps based on this model were immediately presumed to be vulnerable to attack because software security and new payment innovations allow secure data to be stored in a software application. As a result of the acquisition of Metaforic, Inside Secure said in the announcement it has brought together the necessary technologies and expertise to provide the first commercial security tools for application security and critical customer data protection.

"With a full range of embedded security solutions and unmatched expertise, Inside Secure is uniquely positioned to help card schemes, issuers and app developers secure their business models, whether using newer software-based secure element solutions," said Remy de Tonnac, CEO of Inside Secure. "It's satisfying to see real-world deployments of highly secure HCE payments beginning to roll out, knowing this is just a starting point for the broader adoption of secure mobile payments."