Visa Partners with Intel to Make Mobile Payments Secure
With an aim to attract more customers to the mobile payment method, Visa and Intel (News - Alert) have joined hands, allowing customers of Intel Atom-based smartphones and tablets to enjoy a secure mobile payment experience.
Visa payWave is a mobile payment technology that allows customers to just wave their mobile phones in front of a payment terminal to make payments. As it does not involve swiping a credit card, it considered to be a safer and easier method to make a payment. Now, Visa payWave will include Intel’s Smartphone Reference Device to facilitate turn-key implementation for OEMs that offer NFC-enabled smartphones, the company stated in a press release.
“Intel’s strategy is to enable more secure and compelling user experiences across a range of Intel-based mobile devices. Our alliance with Visa builds on this strategy and brings worldwide mobile payment and commerce solutions to Intel-based devices,” said Mike Bell (News - Alert), Intel Vice President and General Manager of the company’s Mobile and Communications Group. “Our work with Visa also extends to our customers designing products based on Intel’s Smartphone Reference Device.”
So what exactly happens when a Visa-compliant UICC is used in combination with Intel Smartphone Reference Device handset? To start with, this allows mobile operators and financial institutions all the necessary account information from Visa payment to be encoded on a secure chip on an NFC-enabled smartphone.
Recently, the company teased its next-generation communications platform, Crystal Forest, which the company says will be able to speed up data processing while also addressing cloud connectivity and large content processing needs.
Edited by Rich Steeves