Tuesday, July 26, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Crucial Expands The MX300 SSD Line
Amazon To Start Testing Drone Deliveries In The UK Skies
Ritek To Start Bio-testing Optical Discs
Kingston UV400 SSD Released
Nvidia Quadro P6000 GPU Delivers 12 Teraflops of Performance
AMD Radeon Pro Solid State Graphics Combines Polaris GPU With SSD Flash Memory
OLED to Become Leading Smartphone Display Technology
Softbank's Pepper Robot Now Available In Taiwan
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 Wireless Charging Pads Support Charging Of Multiple Devices At once
Samsung Sues Huawei
Smartwatch Shipments Fall Significantly In the Second Quarter
Samsung Galaxy Note 7 Said Have Mainly Software Than Hardware Changes
Samsung Launches Powerful Notebook 7 spin
Samsung Patents Desribe Foldable Phones
Samsung Galaxy Outsells Apple's iPhone
Samsung SERIF TV Now Available In The U.S.
Samsung Galaxy Tab A 10.1 Launches In The U.S.
Samsung Confirms Galaxy Note7 Is Coming On Aug. 2
Samsung Unveils 4TB 850EVO SSD
Samsung Launches The Galaxy S7 edge Olympic Games Limited Edition

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .