Tuesday, June 27, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Fujitsu Virtual Machine Control Technology Improves Server Density
Samsung Foundry Focuses on 6nm Process to Beat TSMC
Sprint Starts Partnership Talks With US Cable TV Providers Charter Communications and Comcast
Western Digital Resubmits Bid for Toshiba Chip Unit
NVIDIA Collaborates with Volvo to Bring AI-Enabled Autonomous Vehicles to Market in 2021
Sony's "Core Libraries" of Deep Learning Tools are now Open source
Micron Discontinues Lexar Removable Storage Retail Business
Self-driving tech: Apple working with Hertz, Alphabet Chooses Avis
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Foundry Focuses on 6nm Process to Beat TSMC
Smart Switch App Lets you Move Everything from your Old Phone to a Newer Galaxy Device
Samsung to Open Home Appliance Factory in South Carolina
Samsung Bundles a 24" USB-C monitor With Galaxy Book
Samsung Goes Retro With the Galaxy Folder 2 Flip Phone
Samsung Begins Mass Production of Exynos i T200 IoT Chip
Samsung Galaxy Note 8 Launches in August
Samsung Display to Break Ground for New OLED Plant
Samsung Ramps up 64-Layer V-NAND Memory Production
Samsung Galaxy S8 and Galaxy S8+ Unlocked by Samsung Now Available in to More U.S. Resellers
Samsung Chips Set to Beat Intel in Q2
Samsung Introduces First HDR QLED Gaming Monitors

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .