Thursday, October 19, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Cut iPhone 8 Production by 50 percent: report
HTC U 11 Plus is Coming Next Month
2017 LG OLED TVS to Offer Dolby ThureHD Lossless Sound
Samsung and LG Showcase Next-generation Displays at IMID 2017
Samsung Unveils New Hardware/Software Turn-Key Solution For IoT Data Security
LG, Qualcomm to Jointly Develop Connectivity Solutions for Autonomous Cars
Samsung Unifies IoT Services Under SmartThings, Announces Bixby 2.0, AR Capabilities to Galaxy smartphones, a 360 Round Camera
HP Launches the Powerful ZBook X2 Detachable PC
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 and LG Showcase Next-generation Displays at IMID 2017
Samsung Unveils New Hardware/Software Turn-Key Solution For IoT Data Security
Samsung Unifies IoT Services Under SmartThings, Announces Bixby 2.0, AR Capabilities to Galaxy smartphones, a 360 Round Camera
Samsung's 8nm LPP is Ready For Production
Samsung Introduces Cellular IoT Mobile Device to Track Your Pets, Children, or Personal Items
Samsung CEO Kwon to Resign as Profits Surge
Samsung Gear Sport and Gear IconX 2018 are Launching in the U.S.
Samsung Takes on Sony With New ICOCELL Image Sensors for Smartphones
Apple iPhone 7 Remained Top Smartphone Model in First Half of 2017
Samsung SDI Showcases New '21700' Cylindrical Battery With 50 percent Bigger Capacity
Samsung Foundry Tapes Out eMRAM Test Chip Based on 28nm FD-SOI Process
Samsung Galaxy Note8 Available in Stores Today

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 .