17 October 2017
visit www.response.ncr.com

Wells Fargo joins Visa NFC m-payments trial

03 September 2010  |  12031 views  |  0 Visa Telstra NAB - NFC payment trial

Wells Fargo has become the latest banks to confirm its participation in trials of NFC-enabled mobile payments technology in association with Visa.

Reuters reports that the Wells Fargo trial is part of a major push by Visa to have a commercially-viable product ready for launch in 2011.

"We want to be commercially ready early in 2011" to let consumers use their cellphones to make purchases in stores, Bill Gadja, Visa's head of global mobile products told the newswire.

Wells Fargo joins Bank of America and US Bancorp as the third US bank to sign up for the field trials, which will run through to the end of the year.

The card giant is using DeviceFidelity's In2Pay Micro-SD chips which can be inserted into handset memory card slots, turning them into contactless payments devices.

In August, Visa announced that it is working with Turkey's Akbank to test the technology in Europe.

Visa is facing competition in US markets from telcos like AT&T and Verizon, who are partnering with Discover and Barclays to test NFC payments using technology from C-Sam and Gemalto.

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

Texan banks roll out mobile payment stickers

Texan banks roll out mobile payment stickers

20 August 2010  |  9209 views  |  0 comments
BofA and Visa plan contactless m-payments trial - Reuters

BofA and Visa plan contactless m-payments trial - Reuters

20 August 2010  |  11665 views  |  0 comments
Apple hires NFC veteran Vigier

Apple hires NFC veteran Vigier

16 August 2010  |  12428 views  |  0 comments
Visa and Akbank team on MicroSD-based contactless m-payments

Visa and Akbank team on MicroSD-based contactless m-payments

04 August 2010  |  13943 views  |  0 comments
US telcos team on contactless m-payments venture - Bloomberg

US telcos team on contactless m-payments venture - Bloomberg

02 August 2010  |  11735 views  |  0 comments
Kasikornbank trials contactless m-payments

Kasikornbank trials contactless m-payments

20 July 2010  |  5709 views  |  0 comments
Turkey's Garanti Bank to offer customers NFC-enabled SIM cards

Turkey's Garanti Bank to offer customers NFC-enabled SIM cards

24 May 2010  |  10261 views  |  0 comments
BNP Paribas and Oberthur to turn Nice into NFC city

BNP Paribas and Oberthur to turn Nice into NFC city

18 November 2009  |  9142 views  |  0 comments | 1 tweets
Singapore moves towards interoperable NFC infrastructure for m-payments

Singapore moves towards interoperable NFC infrastructure for m-payments

24 February 2009  |  10714 views  |  0 comments
NFC mobile payments put to the test in Thailand and Japan

NFC mobile payments put to the test in Thailand and Japan

12 February 2009  |  7398 views  |  0 comments
ING and MasterCard in Romanian m-payments trial

ING and MasterCard in Romanian m-payments trial

27 November 2008  |  9858 views  |  0 comments
GSMA calls for NFC as standard feature on mobile handsets

GSMA calls for NFC as standard feature on mobile handsets

19 November 2008  |  7583 views  |  0 comments
Visa launches Latin America's first NFC m-payments trial

Visa launches Latin America's first NFC m-payments trial

05 November 2008  |  12868 views  |  0 comments
London NFC trial shows customers want contactless m-payments

London NFC trial shows customers want contactless m-payments

02 September 2008  |  14734 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comRegister nowvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14854 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8147 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7470 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6771 views comments | 13 tweets | 7 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6113 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job