Visa certifies NFC-enabled smartphones for use with Visa payWave

By Telecom Lead Team:
Visa announced it has certified NFC-enabled smartphones to use with Visa
payWave, Visa’s mobile application for payments at the point-of-sale.

 

The Samsung Galaxy SII, LG Optimus NET NFC, BlackBerry
Bold 9900, BlackBerry Bold 9790, BlackBerry Curve 9360 and BlackBerry Curve
9380 have been added to the list of Visa compliant payment products available
for commercial deployment by financial institutions.

 

All of these devices host the Visa payWave application on
a secure SIM card and feature NFC (Near Field Communication) technology.

 

This certification enables
mobile device manufacturers, mobile operators and retailers to partner with
financial institutions to offer Visa mobile payment functionality to consumers
globally.

 

Visa has a compliance testing process for both
mobile devices and the secure elements that host the Visa payWave mobile
application. The process includes extensive technical and usability testing
with respect to the Visa mobile payment functionality.

 

Visa’s compliance testing process ensures the combination
of the phone, secure chip and Visa’s mobile payment application will provide
the level of security.

 

This is an important step for Visa, its financial
institution partners and the mobile industry. In addition to issuing plastic
magnetic stripe or chip-enabled payment cards, financial institutions can now
consider offering their accountholders a way to transform their smartphones
into fully functional mobile payment devices,” said Bill Gajda, global head of
Mobile Product, Visa.

 

Visa Europe and Google announced that
Google received a worldwide license to Visa payWave, an innovative NFC-based
payment technology.

 

[email protected]

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