Monday, December 18, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Galaxy A8, A8 Plus and LG K Series to Appear at CES
North Korea Behind attacks on Cryptocurrency Exchanges: report
BlackBerry Ends Support for Priv, Talks About the Future of BB10
Google to Shut Down Project Tango in March 2018
Facebook Admits Spending Time on Social Media is Bad for You
Facebook Will Start Putting Ads Before Videos
Samsung's Smart Speaker Coming Next Year
Internet Neutrality is Officially Dead
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 Galaxy A8, A8 Plus and LG K Series to Appear at CES
New Samsung Notebook 9 Pen and Notebook 9 Released
Samsung Patents 'Double-sided' Smartphone
Upcoming Samsung QLED TVs Could Have LG Panels Inside
Luxurious Samsung W2018 Flip Phone Launches in China
Samsung Starts Producing 512-Gigabyte Universal Flash Storage for Mobile Devices
KDDI and Samsung Demonstrate 5G on a Train Moving at 100kmh
Wearables Market Grows as Smart Wearables Rise and Basic Wearables Decline
Samsung to Add Bixby to New ARTIK IoT Solution
Samsung Starts Mass Production of its 2nd Generation 10nm FinFET Process Technology
Samsung's 'Graphene Ball' Technology Speeds up Battery Charging
Samsung Foundry in Advanced Discussions With New Customers for 7nm Chips

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 .