Wednesday, September 28, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
SpaceX Chief Envisions Ships Flying to City On Mars
New Macbook Air, Macbook Pro 2016 Comig Next Month
Samsung Pay Adds Support for Coupons and Restore Function
USB-IF Announces USB Audio Over USB Type-C Specifications
Roxio Creator NXT 5 Supports Disc Burning With Multi-Camera Video Editing
ARM Unveiled New On-chip Interconnect Technology
AMD Brings The Power Of Polaris To Embedded With New Radeon E9260 and E9550 GPUs
Toshiba Introduces the Value-oriented OCZ TL100 SATA SSD Series
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 Pay Adds Support for Coupons and Restore Function
Samsung Says Global Replacement Program for Galaxy Note7 Has Made Progress
Samsung Says Battery Not Related To Note 7 Fire Reports in China
Samsung Narrows Gap With Intel In Semiconductor Industry Ranking
How to Identify the New Galaxy Note7
Samsung Sells Stakes in ASML, Seagate, Rambus and Sharp
Samsung's Recall For The Galaxy Note 7 Smartphones In Official In The U.S.
Samsung's Software "Fix" For Galaxy Note 7 Limits Battery Recharges
HP To Buy Samsung's Printer Business For $1.05 billion
Samsung Urges Galaxy Note7 Users To Immediately Bring Their Phones For Replacement
US, Japan Aviation Authorities Warn Against Using Samsung Galaxy Note 7 On Planes
Samsung to Sell Stake in Chip Equipment Maker ASML

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 .