Visa Says RIM's NFC Tech Is Secure
Research In Motion today announced that Visa has approved its near-filed communication (NFC) technology for mobile payments. Specifically, Visa says RIM's Secure Element Manager (SEM) solution, which handles SIM card credentials and the security of the NFC radio itself for wireless network operators, is secure enough to handle NFC-based mobile transactions on its payment network. Visa has several mobile payment systems in various stages of development, including the U.S. carrier-backed Isis, as well as its own payWave system. The approval means RIM will be able to offer its carrier customers mobile payment systems to offer to their own subscribers.