Tuesday, November 21, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
GPU Shipments in Q3: AMD Increased 8 percent, Nvidia Increased 30 Percent
Samsung Says New SZ985 Z-NAND SSD Offers Ultra-Low Latency and High Throughput
AMD EPYC Processor Powers the New HPE Gen10 Server
Volvo to Supply Thousands of Self-driving Cars to Uber
Marvell Technology to Buy Cavium for $6 billion
Honor 7X is Official Coming with a FullView Display
Samsung Forecast to Top Intel as Larger Semiconductor Supplier in 2017
Samsung, LG Electronics Cut TV Prices for Black Friday
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 Says New SZ985 Z-NAND SSD Offers Ultra-Low Latency and High Throughput
Samsung Forecast to Top Intel as Larger Semiconductor Supplier in 2017
Samsung, SK Hynix and Micron Lead the Server DRAM Market
Samsung Invests More Than Intel and TSMC in Semiconductor Business
Samsung Lithium-air Battery Has Twice The Capacity of Li-ion Technology
Supreme Court Rejects Samsung Appeal in Apple Patent Case
ITC Launches Probe into Samsung's Chipmaking Patent
Samsung Unveils Business-oriented Galaxy Note8 Enterprise Edition
Samsung Reports Strong 3Q Results on Semiconductor Profits
Samsung Introduces the New Galaxy Tab A
Samsung to Support New Startups Spinning-Off from C-Lab Program
Apple, Samsung Heading to Court Again

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 .