Thursday, April 19, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG SmartThinQ Home Appliances Get Amazon Alexa Connectivity
Huawei Announces New Honor 10 Flagship Smartphone
Garmin Announces Connect IQ 3.0 with New apps from Trailforks, Yelp, iHeartRadio
Intel Open Sources the nGraph Compiler for Deep Learning Systems
Facebook Seeking to Hire Chip Designers
Regulatory Filing Hints at New iPhones
Western Digital Pushes Conventional Magnetic Hard Disk Tech to its Limits in New 14TB Ultrastar DC HC530
Retail Rivals Amazon and Best Buy Enter Exclusive Partnership to Offer New Fire TV Edition Smart TVs
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 to Release Its First MicroLED TVs in 2018
Samsung Galaxy J2 Pro Smartphone Has no Data Connectivity
Samsung 360 Round 3D Video Camera and Samsung DeX Pad Now Available
Samsung Reports Profit on High Memory Sales
Samsung Launches the Notebook Odyssey Z for Gaming
Samsung Notebook 5 and Notebook 3 Target General Users
Samsung Breaks Ground in New Memory fab Line in Xian
Samsung Electronics Shareholders Approve Stock Split, Company Talks About Future for Smartphones, Chips
New Samsung Exynos 7 Series 9610 Mobile Processor focuses on Multimedia
Samsung Expands its 8-Inch Foundry Offerings with New RF/IoT and Fingerprint Technology Solutions
Samsung's Ruggedized Galaxy Tab Active2 Now Available in the U.S.
Samsung Debuts First 3D Cinema LED Screen Theater in Switzerland

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .