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.
