The Accenture Mobile Wallet can also manage proximity transactions and payments, which can be made through Near Field Communication (NFC) technology or QR codes.
Components of the Mobile Wallet Platform are available via a set of APIs on Android and iOS, Hasson said.
New features of the platform also include:
-- Trusted Service Manager, letting banks or other service providers send and personalize smartcard applications. It allows for remote removal, blocking and other status actions related to cards, to protect users in cases of lost or stolen devices.
-- Push Payment Functionality, which allows purchasers to avoid sending their personal and credit data to retailers. Instead, they can store their data with their trusted financial institutions, which can then verify transactions for the retailers and buyers.