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.
Capital One Adds NFC-Based Payments to Android App
Capital One today added tap-and-go mobile payment powers to its Android application, independent of services such as Android Pay or Samsung Pay. Capital One cardholders can add their debit card or credit card to the Capital One Android mobile app and make secure payments anywhere contactless payments are accepted.
Samsung Pay Launches In the US
Samsung today made its mobile payment service, Samsung Pay, available to U.S. consumers.
Qualcomm to Add NXP Secure Element to Snapdragon Chips
Qualcomm today announced that it will use technology from NXP to help bring NFC-based mobile payments across more phone makers. Specifically, Qualcomm plans to add NFC and embedded secure elements *(eSE) across its Snapdragon 800, 600, 400, and 200 series processors.
Visa to Put a Credit Card in Everything
Visa today announced Visa Cloud Payment Solutions, a tool that device makers can use to add mobile payments capabilities to their hardware. Visa claims the Cloud Payment Solution will reduce fraud because it replaces the standard 16-digit credit card number with a digital token.
Samsung Pay to Be Accepted At 30 Million Locations
Samsung today announced Samsung Pay, a mobile payment service that it claims will be readily available at tens of millions of retail locations around the world. The service can use either NFC or MST (magnetic secure transmission), technology it recently acquired via its purchase of LoopPay.