By Telecomlead Team: Visa and Intel Corporation announced
a strategic agreement at Mobile World Congress in Barcelona. The partnership
aims to develop mobile commerce solutions tailored to consumers in developed
and developing countries. The collaboration between two companies will ensure
consumers enjoy a consistent, streamlined, secure mobile commerce experience
across Intel Atom-based smartphones and tablets.
The agreement combines Visa’s expertise in payment
processing, account holder authentication and global network reach, with
Intel’s expertise and leadership in developing innovative technologies that
serve as the foundation for the world’s computing devices.
This agreement paves the way for financial institutions
around the globe to offer their account holders mobile payments and financial
services using innovative mobile devices and technologies designed by Intel.
This is another example of how Visa is making mobile
payments broadly available across devices and operating systems and is ensuring
that mobile commerce applications are aligned with existing technology and
security standards established by the global payments industry,” said John
Partridge, president, Visa.
Visa has certified Intel’s Smartphone Reference Device
powered by the Intel Atom processor Z2460 for use with Visa payWave, Visa’s
mobile payment technology that enables consumers to make fast and secure
payments at retail locations by simply waving their mobile phone in front of a
payment terminal.
The Intel Smartphone Reference Device will host the Visa
payWave payment application and features NFC (Near Field Communication)
technology.
Visa-compliant UICC allows smartphones based on the Intel
Smartphone Reference Device handset to connect to Visa’s mobile provisioning
service providing financial institutions and mobile operators the means to
securely download Visa payment account information and the Visa payWave
application over the air” to a secure chip on an NFC-equipped smartphone.
Intel’s strategy is to enable more secure and compelling
user experiences across a range of Intel-based mobile devices. Our alliance
with Visa builds on this strategy and brings worldwide mobile payment and
commerce solutions to Intel-based devices,” said Mike Bell, Intel vice
president and general manager, Mobile and Communications Group.
Recently, Visa announced the certification of NFC-enabled
smartphones to use with Visa payWave, Visa’s mobile application for payments at
the point-of-sale.
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