RIM Smartphones Certified By Visa For Use As Mobile Payment
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Thread: RIM Smartphones Certified By Visa For Use As Mobile Payment

  1. #1
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    RIM Smartphones Certified By Visa For Use As Mobile Payment


    Visa Inc. and Visa Europe have announced that the BlackBerry Bold 9900, BlackBerry Bold 9790, BlackBerry Curve 9380 and BlackBerry Curve 9360 have been added to the list of Visa compliant payment products available for commercial deployment by financial institutions. These devices have been certified with Visa payWave, Visa’s mobile application for payments at the point-of-sale.

    RIM has been a leader in developing NFC technology and is committed to working with key partners to build a strong ecosystem to lead the next generation of payment methods. RIM’s key NFC developments are highlighted below:
    • The latest BlackBerry 7.1 OS update, announced yesterday, incorporates BlackBerry Tag. By simply tapping their NFC enabled BlackBerry smartphone against another NFC enabled BlackBerry smartphone, users can make sharing documents, contact information, photos and other multimedia content easier than ever.
    • The BlackBerry Bold 9900 and BlackBerry Curve 9360 are the first SIM-based NFC smartphones to be certified by MasterCard as PayPass-approved devices.
    • HID Global, trusted leader in solutions for the delivery of secure identity, announced in September 2011 an industry first with plans to support the company’s iCLASS digital keys and mobile secure identity on NFC-enabled BlackBerry smartphones.

    The full press release can be read below:

    Visa Certifies Smartphones for Use as Visa Mobile Payment Devices

    NFC-enabled smartphones from Samsung Electronics, LG Electronics, and Research In Motion approved for use with Visa payWave, Visa’s mobile application for payments at the point-of-sale

    SAN FRANCISCO, January 10, 2011 — Visa Inc. (NYSE:V) and Visa Europe today announced that NFC-enabled smartphones from Samsung Electronics, LG Electronics, Research In Motion (RIM) have been certified for use with Visa’s mobile application for payments at the point-of-sale, 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 (Near Field Communication) technology, the short range communications standard that enables mobile phones to securely transmit payment information to a contactless payment terminal.

    “The players are now in place for mobile payments to become a reality,” said Sandra Alzetta, Head of Mobile Business Unit and Innovation, Strategy, at Visa Europe. “We are working with our member banks, mobile network operators and key handset partners to ensure that future payment technologies are as easy, intuitive and secure as card-based transactions are today. Today’s announcement plays a significant role in getting those new technologies into the hands of the consumer. It is a very exciting time for us all.”

    Visa’s certification of these smartphones paves the way for mobile device manufacturers, mobile operators and retailers to partner with financial institutions to offer Visa mobile payment functionality to consumers globally.

    Visa’s Certification Process

    Visa has played a leadership role in establishing global standards for mobile payments, making sure that they are aligned with existing technology and security standards for chip payment cards and can easily be integrated into the existing payments ecosystem. For example: Visa payWave on mobile devices is compatible with existing contactless (NFC) payment terminals already installed at retail outlets worldwide, enabling Visa account holders to simply wave their enabled phone in front of a payment terminal in order to pay.

    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, security and usability testing with respect to the Visa mobile payment functionality. This helps to ensure reliable and secure Visa transactions which are compatible with the global standard for chip-enabled payments, and establishes a required signal range for all mobile (NFC-enabled) Visa payment devices. Visa's compliance testing process helps to ensure the combination of the phone; secure chip and Visa’s mobile payment application will provide the level of security and user experience Visa accountholders have come to expect from Visa.

    “Today’s announcement is another example of the momentum we are seeing behind NFC as an industry standard for mobile payments,” said Nick Holland, senior analyst Yankee Group. “Yankee Group predicts that the value of NFC-based transactions will grow significantly, from $27 million in 2010 to $40 billion in 2014.”
    # # #

    About Visa Inc.:

    Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 20,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit www.corporate.visa.com.

    About Visa Europe:
    In Europe, there are 438 million Visa debit, credit and commercial cards. In the 12 months ending June 2011 those cards were used to make purchases and cash withdrawals to the value of €1.7 trillion. 12.5% of consumer spending at point of sale in Europe is with a Visa card, and more than 70% of that is on Visa debit cards.

    There are around 30 million contactless Visa cards across Europe, distributed by 54 different issuing banks, with over 175,000 contactless terminals. By the end of 2012 there are expected to be more than 50 million contactless Visa cards in circulation across Europe.

    Visa Europe is owned and operated by more than 4,000 European member banks and was incorporated in July 2004. Visa Europe is independent of global Visa Inc., with an exclusive, irrevocable and perpetual licence in Europe, while both companies operate to ensure global interoperability. As a dedicated European payment system Visa Europe is able to respond quickly to the specific market needs of European banks and their customers - cardholders and retailers - and to meet the European Commission’s objective to create a true internal market for payments.

    For more information, visit www.visaeurope.com

    The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.



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  2. #2
    DonMariano is offline BlackBerryOS Friend
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    What?!

    What?! Four Blackberry devices, one Samsung, one LG and NO iPhone?!?! RIM is off to a great start in 2012, looks like they're finally bring their A game!
    ice2921 likes this.

  3. #3
    bpw1972 is offline BlackBerryOS Noobie
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    I'm happy that Blackberry is leading the chare on NFC (no pun intended). Now only if T-mobile will get off their butt and let us take full advantage of the phone I bought!

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