Future Smasung Smartphones will come with Visa NFC Payment System
https://crazywebtalks.blogspot.com/2013/02/future-smasung-smartphones-will-come.html
Future Smasung smartphones will come with Visa NFC payment system. Recently at MWC, Visa announced it’s partnership with Samsung.Your next Galaxy S smartphone might also be your Visa card. That's because Visa and Samsung announced Monday that Visa's NFC payment system will be built into all future Samsung smartphones.
In a move designed to promote all mobile pay, not just using Visa's cards and tech, Visa's system will be able to add cards from other providers too.
Visa is going to power the secure element that runs on Samsung's NFC devices. The secure element is what allows a payment processor (such as Visa) to talk to a bank.
Apps and wallets can be developed for any number of payment processors and banks (not just Visa) to work with Visa's secure element inside Samsung phones. The benefit is that by certifying Samsung devices as able to work with Visa's existing infrastructure, a big part of the battle for getting NFC payments sorted out is won.
At this moment, Impending Galaxy SIV will boast NFC chip and the payWave integration from the factory.With this deal, banks will get an ability to easily load payment account information to secure chip embedded in Samsung devices. The more details will be made available soon. It is being assumed is that the Samsung Galaxy S IV is among one of the phones that will have payWave. Samsung is going to unveil it on March 14th.
In a move designed to promote all mobile pay, not just using Visa's cards and tech, Visa's system will be able to add cards from other providers too.
Visa is going to power the secure element that runs on Samsung's NFC devices. The secure element is what allows a payment processor (such as Visa) to talk to a bank.
Apps and wallets can be developed for any number of payment processors and banks (not just Visa) to work with Visa's secure element inside Samsung phones. The benefit is that by certifying Samsung devices as able to work with Visa's existing infrastructure, a big part of the battle for getting NFC payments sorted out is won.
At this moment, Impending Galaxy SIV will boast NFC chip and the payWave integration from the factory.With this deal, banks will get an ability to easily load payment account information to secure chip embedded in Samsung devices. The more details will be made available soon. It is being assumed is that the Samsung Galaxy S IV is among one of the phones that will have payWave. Samsung is going to unveil it on March 14th.
