Visa Certifies Smartphones for Mobile Payments
Visa Inc and Visa Europe have certified near-field communication (NFC)-enabled smartphones from Samsung Electronics, LG Electronics and Research in Motion (RIM) for use with Visa’s mobile application for payments at the point-of-sale (POS), Visa payWave. 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 the new devices certified by Visa host the Visa payWave application on a secure SIM card and feature NFC technology, the short range communications standard that enables mobile phones to securely transmit payment information to a contactless payment terminal.
“This is an important step for Visa, its financial institution partners and the mobile industry,” said Bill Gajda, global head of mobile product, Visa Inc. “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.”