Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement  |  Technology  |  LTE
Corporate
Samsung, LG, RIM smartphones certified by Visa to be used as mobile payment devices
TT Correspondent |  |  11 Jan 2012

Visa Inc. and Visa Europe on Wednesday have certified  NFC (Near Field Communication) enabled smartphones from Samsung Electronics, LG Electronics and Research In Motion (RIM) for use with Visa’s mobile application for payments at the point-of-sale, Visa payWave.

 

The smartphones which have been added to the list of Visa compliant payment products are Samsung Galaxy SII, LG Optimus NET NFC, BlackBlackBerry Bold 9900, BlackBerry Bold 9790, BlackBerry Curve 9360 and BlackBerry Curve 9380have been added to the list of Visa compliant payment products available for commercial deployment by financial institutions.

 

This will help mobile device manufacturers, mobile operators and retailers to partner with financial institutions to offer Visa mobile payment functionality to consumers globally.

 

These devices have got certifications from Visa host the Visa payWave application on a secure SIM card and feature NFC (Near Field Communication) technology, the short range communications standard that enables mobile phones to securely transmit payment information to a contactless payment terminal.

 

"This is an important step for Visa, its financial institution partners and the mobile industry," said Bill Gajda, Global Head of Mobile Product, Visa Inc. "In addition to issuing plastic magnetic stripe or chip-enabled payment cards, financial institutions can now consider offering their accountholders a way to transform their smartphones into fully functional mobile payment devices."

    
 mail this article    print this article    Show and Post comment
11 Jan 2012(IST)  
Seminar on M2M 'Internet of Things' Image Gallery
telecom
Whitepaper
Cisco® ONE: Traffic Visualization and Control
Traffic visualization and control applies this vision to effectively manage traffic and session growth while economical...read more
Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more
Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more