24 August 2017
visit www.avoka.com

Intel teams with Microsoft, BitWallet to promote FeliCa contactless technology

14 June 2006  |  5940 views  |  0 buy and sell button

Intel is working with Microsoft and Tokyo-based BitWallet to drive use of Sony's FeliCa contactless IC card technology for Internet transactions.

Intel is teaming with both Microsoft and Bitwallet - which provides the EDY contactless payment system - to triple the number of personal computers equipped with FeliCa-reading functions and double the number of Internet services compatible with the technology.

The companies also aim to double the number of online payments made using the technology within a year.

Earlier this year the US chip-maker invested Y5 billion in Bitwallet and said it would work with the firm to drive use of the EDY electronic money system - which is based on FeliCa technology - for Internet payments.

EDY enables customers to pay for purchases by waving the card over a specially-equipped reader at the point of sale, as well as via the Internet. More than 17 million EDY cards are currrently in circulation and the e-money service is available at over 31,000 retail shops and 1400 e-commerce sites in Japan.

But in fiscal 2005, 110 million transactions were settled via the EDY services, of which just two - three per cent were Internet-based payments.
KeywordsE-COMMERCE

Comments: (0)

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

Intel invests Y5bn in EDY e-money system

Intel invests Y5bn in EDY e-money system

24 April 2006  |  5068 views  |  0 comments
Bank of Tokyo Mitsubishi introduces telebanking and e-money services

Bank of Tokyo Mitsubishi introduces telebanking and e-money services

24 June 2005  |  8894 views  |  0 comments
Microsoft to release InfoCard digital ID system

Microsoft to release InfoCard digital ID system

20 May 2005  |  4876 views  |  0 comments
KDDI to add FeliCa contactless card technology to mobile handsets

KDDI to add FeliCa contactless card technology to mobile handsets

30 September 2004  |  5012 views  |  0 comments
JCB combines credit card payment with mobile phones and contactless chips

JCB combines credit card payment with mobile phones and contactless chips

22 January 2004  |  8647 views  |  0 comments
Visa, Infineon and Sony to develop contactless payment cards

Visa, Infineon and Sony to develop contactless payment cards

05 March 2003  |  5663 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
21372 views comments | 44 tweets | 88 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12101 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11487 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11272 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10911 views 0 | 7 tweets | 1 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job