11 December 2016
Visit aciworldwide.com

Samsung to pre-load mobile devices with Visa NFC app

25 February 2013  |  12372 views  |  2 Visa web screenshot

Visa has struck a global deal with Samsung which will see the mobile phone giant pre-load the contactless payWave applet onto its mobile devices featuring NFC technology.

The arrangement - unveiled at Mobile World Congress - means that, off the shelf, selected next-generation Samsung devices are ready to be personalised with Visa payment account information.

Banks will be able to load this information over-the-air to secure chips embedded in the handsets using Visa's Mobile Provisioning Service, which is linked to the Samsung Key Management System.

This means customers can then add contactless payments functionality to their device through an application provided by the bank.

Mariano Dima, EVP, Visa Europe, says: "A Samsung device equipped with the Visa contactless payment service is a powerful proposition and will allow us to make mobile payments a reality for people around the world."

Won-Pyo Hong, president, head of media solution centre, Samsung Electronics, adds: "We believe that we have a strong value proposition for financial institutions that will ultimately allow consumer choice in NFC payments."

Meanwhile, Visa has also signed an agreement with mobile commerce provider Roam designed to enable merchants to accept electronic payments using mobile technology.

Under the deal, Ingenico subsidiary Roam will participate in the Visa Ready Partner Program and has agreed to bundle its mobile point-of-sale hardware peripherals with Visa's acceptance technology.

Jim McCarthy, global head, product, Visa, says: "Visa, through its mPOS partner program, is committed to accelerating the use of mobile technology to enable merchants worldwide to accept Visa payments. Our agreement with Roam will help us reach that goal globally."
KeywordsEFTPOS

Comments: (2)

David Carr
David Carr - European Prepaid Consultants - Middx | 26 February, 2013, 09:15

This in theory sounds like a good way forward, as long as this is not exclusive to Visa as this is not the only game in town.  My NFC accounts are not all Visa and when we talk about Prepaid most are MasterCard.  

I also get nervous when terms such as "Banks" can load this information over the air.  We have seen the relative slow adoption by the banks so I believe it will still be up to the niche players to get this into the market.

Dave Carr

1 thumb up! 1 thumb up! (Log in to thumb up)
A Finextra member
A Finextra member | 26 February, 2013, 10:25

This is very encouraging for the adoption of NFC mobile payments as VISA now have a channel to around 30% of the smartphone market.  I agree, the mention of Banks unsettles me somewhat, and for this factor alone it is hard to tell how much that original percentage will be diluted in reality.

 

My big question is how will Apple respond, having already NFC enabled the Passbook App for Anroid is it a given that the next generation of Iphone will be NFC enabled or will Apple be distruptive and facilitate mobile payments with other means?

 

Corbyn Munnik

1 thumb up! 1 thumb up! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MasterCard unveils MasterPass digital payments service

MasterCard unveils MasterPass digital payments service

25 February 2013  |  11571 views  |  1 comments | 15 tweets | 7 linkedin
Banco Itaú and TIM team on mobile NFC payments trial

Banco Itaú and TIM team on mobile NFC payments trial

22 February 2013  |  4364 views  |  0 comments | 3 tweets | 1 linkedin
Dutch banks prep mobile NFC payments trial

Dutch banks prep mobile NFC payments trial

21 February 2013  |  7268 views  |  0 comments | 14 tweets | 2 linkedin
Contactless m-payments come to Mobile World Congress

Contactless m-payments come to Mobile World Congress

18 February 2013  |  7395 views  |  0 comments | 12 tweets | 6 linkedin
France gears up for mobile NFC services

France gears up for mobile NFC services

07 February 2013  |  6699 views  |  0 comments | 10 tweets | 4 linkedin
RBS and NatWest ride contactless wave

RBS and NatWest ride contactless wave

05 February 2013  |  7573 views  |  2 comments | 10 tweets | 4 linkedin
Telefónica brings mobile P2P and NFC payments to Germany

Telefónica brings mobile P2P and NFC payments to Germany

21 January 2013  |  9033 views  |  1 comments | 17 tweets | 10 linkedin
Visa and banks tap India's biometric ID system for new account

Visa and banks tap India's biometric ID system for new account

13 December 2012  |  16911 views  |  0 comments | 19 tweets | 17 linkedin
Visa signs 50 US financial institutions to digital wallet

Visa signs 50 US financial institutions to digital wallet

13 November 2012  |  9215 views  |  0 comments | 32 tweets | 10 linkedin
Visa signs BBVA to V.me wallet

Visa signs BBVA to V.me wallet

25 October 2012  |  13842 views  |  0 comments | 11 tweets | 6 linkedin
Komercni partners with Visa, Samsung and Telefonica for mobile payments

Komercni partners with Visa, Samsung and Telefonica for mobile payments

24 August 2012  |  6160 views  |  0 comments
Visa shows off Olympics NFC m-payments app

Visa shows off Olympics NFC m-payments app

24 February 2012  |  13208 views  |  0 comments
Orange launches contactless version of Samsung Galaxy S II in France

Orange launches contactless version of Samsung Galaxy S II in France

20 September 2011  |  6790 views  |  0 comments
Lloyds joins Visa and Samsung on 2012 Olympics m-payments

Lloyds joins Visa and Samsung on 2012 Olympics m-payments

17 May 2011  |  12068 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextraFind out moreVisit capgemini.com

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8835 views comments | 39 tweets | 32 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
8385 views comments | 37 tweets | 48 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
8086 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
7355 views comments | 24 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6937 views comments | 20 tweets | 24 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job