Printed from http://www.electronista.com

Samsung, Visa deal adds payWave mobile payments to phones

updated 04:55 pm EST, Mon February 25, 2013

Future NFC-enabled Samsung devices to have app preloaded

Visa and Samsung has inked a deal that could help speed up the adoption of mobile payments globally. The initiative will see the phone manufacturer preload the Visa payWave applet onto future devices that use NFC technology, as well as helping financial institutions to push payment information to the mobile devices as an over-the-air update, for storage directly on the device.

The deal stems from previous pilot schemes between the two companies, the most notable of which took place at the Summer Olympic Games in London last year. While the most recent Olympics did not take advantage of payWave technology, it did enlist the use of over 3,000 contactless terminals across the games venues, and the introduction of a commemorative smartphone for the event. The next Olympics are said to extensively use payWave.

No mention has been made as to what Samsung devices will be preloaded with the payWave app, nor if it is possible for the system to be implemented on existing mobile devices.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, we ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look good a ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

Advertisement

toggle

Most Commented