Friday, September 04, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Fujitsu Doubles Same-Cell Wireless Communication Capacity for 5G
Justice Department Hardens Cellphone Tracking Rules
ALCATEL ONETOUCH Unveiled Its Latest Smartphones And A Smartwatch at IFA
Firefox for iOS Now Available for Preview
ZTE Axon Elite Smartphone Coming To Global Market
Updated Google Street View App Has 360-degree Images
Samsung Seeks Piece of Nascent Smartwatch Market With New Gear S2 Smartwatch
Ricoh Unveils Upgraded THETA S Spherical Camera
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > Mobiles > Visa an...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, February 25, 2013
Visa and Samsung to Accelerate Mobile Payments


Visa and Samsung today announced a global alliance that combines Visa?s expertise in payments with Samsung?s mobile device technology.

According to the agreement, financial institutions that are planning to launch mobile payment programs will be able to use the Visa Mobile Provisioning Service to download payment account information to NFC-enabled Samsung devices. In addition, Samsung has agreed to load the Visa payWave applet onto its mobile devices featuring NFC technology. Visa payWave is Visa's mobile payment applet that enables consumers to make "wave and pay" contactless payments using mobile devices.

Near Field Communication (NFC) technology is the global communication standard that enables mobile devices to securely communicate with a payment terminal.

Visa and Samsung have agreed to work together to enable the next generation of Samsung mobile devices with Visa payment technology, and to partner with financial institutions to accelerate the availability of mobile payment solutions globally.

In order to enable financial institutions to launch large scale mobile (NFC) payment programs, Samsung will offer banks the ability to load payment account information over-the-air to a secure chip embedded in Samsung devices, using Visa's Mobile Provisioning Service which is linked to Samsung KMS (Key Management System) - a service that creates secure data storage domains for issuers.

The Visa payWave mobile applet will be also preloaded onto selected next-generation Samsung mobile devices featuring NFC technology and an embedded secure element. Off the shelf, these devices are ready to be personalized with Visa payment account information.


Previous
Next
Copyright Alert System Set to Begin in The U.S.        All News        ZTE Launches Grand Memo 5.7-inch Handset And the Firefox-based ZTE Open
LG Introduces Ultra-Thin Wireless Mobile Charger at MWC     Mobiles News      ZTE Launches Grand Memo 5.7-inch Handset And the Firefox-based ZTE Open

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Seeks Piece of Nascent Smartwatch Market With New Gear S2 Smartwatch
Samsung Focuses On The Internet of Things at IFA 2015
IFA: Samsung Launches The "HumanFit" Wearable Platform
Samsung IoT Device Will Take Care Of Your Sleep
Samsung's Circular Gear S2 Smartwatches Unveiled
Samsung Used TSMC's Technology To Prevail In Chip Manufacturing Race
Samsung To Accelerate Chip Production
Samsung Announces New Wireless Audio 360 Speakers
Samsung Says Users Should Follow The Manual With Galaxy Note 5 Stylus
Samsung To Give iPhone Users The new Galaxy Smartphones
New Galaxy Note 5 Phablet Has The Best Display: report
Samsung Offers USB Flash Drive Family

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .