Visa and Samsung Notch Mobile Payment Pact
Visa today announced that it has signed an agreement with Samsung to help speed up the deployment and availability of mobile payment systems. According to Visa, individual banking institutions that want to offer mobile payment apps can use its Visa Mobile Provisioning Service to provide the back-end tunnel though which payments can be made. At the same time, Samsung has agreed to install the Visa payWave applet onto its mobile devices. The applet can be used with Visa's software and handset-based NFC technology to piece together a complete mobile payment solution. Visa and Samsung have agreed to an ongoing mobile payment alliance, and expect to roll out devices with these features in the near future.
Comcast Details Mobile Phone Service as Xfinity Mobile
Comcast today revealed details of its forthcoming Xfinity Mobile phone service. The company will use Verizon's 4G LTE network for the service, using an existing MVNO agreement.
Visa Attempts to Streamline Mobile Online Purchases
Visa today announced Visa Checkout, a service that speeds up the process of buying items on the web, especially from mobile devices. Using Visa Checkout, a user simply enters a Visa username and password, replacing the longer process of entering payment, shipping, billing, and contact information.
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.
Visa to Use Phone Location to Verify Card Purchases
Visa says it is offering banks a new smartphone-based tool that will cut down on the number of declined transactions when people use their credit cards abroad. The service, called Mobile Location Confirmation, is opt-in and uses phone location to verify the cardholder's presence at or near the point of sale.