Nokia, Visa turn phones into digital wallets
Reuben Lee | Jan 12, 2007
Credit card giant Visa and Finnish mobile maker Nokia have signed a deal to launch a worldwide system that will turn mobile phones into digital wallets for making electronic payment. All that customers need do is swipe the handset over a scanner, which will communicate with the embedded chip in the phone. Pressing a button on the mobile is the next step to confirm the purchase.
The new payment service, which has been trialed in the US and Malaysia, will also offer mobile coupons, account management, remote payments and person-to-person payment. A near field communication (NFC) chip, currently used in many public transport access cards, will be hidden under the phone casing to communicate with the reader. (Note: Image shown is just for illustration purposes)
Talkback
Anonymous says...
this is nothing new... watched a CM from japan, they have a similar service introduced more than one year ago...
Jan 12, 2007 15:03
this is nothing new... watched a CM from japan, they have a similar service introduced more than one year ago...
Jan 12, 2007 15:03
patryn68 says...
True, that wile this is not a particularly new idea or pioneering technology, it is nonetheless noteworthy that someone is pioneering a drive to make our lives more streamlined and convergent. One user comments on the use of SMS - imagine becoming reliant on a feature like this and the cellular service provider has a glitch with their networking or you account. This would eliminate those factors. Very cool security can be built into the software as well as the hardware to complement OS (operating system)of the users handset as well. This also is the way forward to a convergent system that takes advantage of electronic devices that can potentially display all sorts of great information regarding balances and reference numbers as well as immediate online support. The potential is huge. That's my 2 cents. Eran www.MobileQandA.com
Jan 29, 2007 21:32
True, that wile this is not a particularly new idea or pioneering technology, it is nonetheless noteworthy that someone is pioneering a drive to make our lives more streamlined and convergent. One user comments on the use of SMS - imagine becoming reliant on a feature like this and the cellular service provider has a glitch with their networking or you account. This would eliminate those factors. Very cool security can be built into the software as well as the hardware to complement OS (operating system)of the users handset as well. This also is the way forward to a convergent system that takes advantage of electronic devices that can potentially display all sorts of great information regarding balances and reference numbers as well as immediate online support. The potential is huge. That's my 2 cents. Eran www.MobileQandA.com
Jan 29, 2007 21:32
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technerd511
Why not just use SMS like European countries? Every phone has SMS capability already and would not require people to have a particular type of phone. This is just a bad idea for consumers and only benefits the hardware manufactures.
Jan 12, 2007 02:48
darylckkew
i guess speed is one reason why SMS is not used, plus, its more prone to fraud if SMS is used. with this particular chip embedded in the phone, all you need to do is flash it across at the counter, much like the wave/touch credit cards. I'm pretty sure older phones can be fitted with this chip too.
Jan 15, 2007 18:51