Home › News ›

Visa and Bank of America to Trial Mobile Payments in NYC

Aug 20, 2010, 7:14 AM by Eric M. Zeman

Starting in September, Visa and Bank of America plan to trial the use of smartphones to make purchases in stores. The pilot, which will be held in the New York City area, will make use of NFC (near field communications) chips that are installed into phones. The NFC chips will contain the necessary banking data so that when it comes time to make a purchase, users can simply tap their phone against an NFC reader, which will collect what it needs to process the sale. The trial will be limited in size, but will run through the end of 2010. Visa and Bank of America didn't explain which carrier or what phones will be used, nor how the chips will be installed. Earlier this year Reuters reported that, T-Mobile, Verizon Wireless, AT&T, and Discover Financial have their own plans to trial mobile payment systems.

Related

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

Square Launches Tap to Pay on iPhone

Sep 29, 2022
The Square Point of Sale app now fully supports Tap to Pay on iPhone, allowing any iPhone (11 or newer) to act as a payment terminal able to accept NFC (tap) payments without any additional hardware. Previously, merchants needed a separate hardware accessory to accept any kind of in-person card or tap payments.

New Senate Bill Would Reshape App Stores

Aug 12, 2021
A bipartisan group of three US Senators has introduced new legislation that would place major new rules on the app stores run by Apple and Google. The Open App Markets Act would: Ensure users could access third-party app stores and make them the default.

Snapdragon 695 Gives Qualcomm's 6 Series a Boost

Oct 26, 2021
Qualcomm today announced four new Snapdragon chips to power next year's smartphones, across a variety of price points. While some of the chips are genuinely new, others are minor variants of existing chips that seem to address the global supply-chain issues affecting the chip industry.

Comments

This forum is closed.

This forum is closed.

Jayshmay

Aug 20, 2010, 9:32 AM

Mobile payments & Mobile DTV on my next smartphone please!

I'm glad their finally getting the pieces together for this! I wonder how fast this will move. It sure is about time. This has been talked about for so, so long.

Well hopefully both mobile payments & mobile DTV will be ready for primetime when I buy my next smartphone. I don't even qualify for an equipment upgrade until November of next year. So I'll be watching closely!

Black_Beard

r u sure youd want it in its begining stages? seems like this could open up potential fraud issues...especially at first

muchdrama

Aug 20, 2010, 12:12 PM

I can't wait for the first incidence--

--of some teenager with the right equipment literally swiping your information out of the air mid-transaction.

Page 1 of 1