Visa and Intel have announced a strategic partnership under
which the two will work together to develop mobile commerce
solutions for consumers across the globe. At the ongoing Mobile
World Congress in Barcelona, the two companies outlined plans to
collaborate to ensure consumers enjoy a consistent, streamlined,
secure mobile commerce experience across Intel Atom-based
smartphones and tablets.
In the initial phase of the agreement, Visa has certified
Intel's Smartphone Reference Device powered by the Intel Atom
processor Z2460 for use with Visa payWave, its mobile payment
technology that enables consumers to make fast and secure payments
at retail locations by simply waving their mobile phone in front of
a payment terminal. This will enable turn-key implementation for
OEMs delivering NFC-enabled smartphones.
As part of the agreement, the Intel Smartphone Reference Device
will host the Visa payWave payment application and feature NFC
technology. Also, when used in combination with a Visa-compliant
UICC, smartphones based on the Intel Smartphone Reference Device
handset can be enabled to connect to Visa Inc.'s mobile
provisioning service providing financial institutions and mobile
operators the means to securely download Visa payment account
information and the Visa payWave application "over the air" to a
secure chip on an NFC-equipped smartphone. The connection to Visa's
mobile provisioning service can be enabled by a Trusted Services
Management platform, such as Giesecke & Devrient's (G&D)
platform.
The agreement combines Visa's expertise in payment processing,
account holder authentication and global network reach, with
Intel's expertise and leadership in developing innovative
technologies that serve as the foundation for the world's computing
devices.
"Visa's agreement with Intel paves the way for financial
institutions around the globe to offer their account holders mobile
payments and financial services using innovative mobile devices and
technologies designed by Intel," said John Partridge, President,
Visa. "This is another example of how Visa is making mobile
payments broadly available across devices and operating systems and
is ensuring that mobile commerce applications are aligned with
existing technology and security standards established by the
global payments industry."
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