Support is ramping up for smartphone wireless payment systems.
Visa announced today its approval of Samsung, LG and BlackBerry smartphones to utilise its new Visa payWave technology, as part of efforts to widen adoption of mobile device wireless payments. It’s a step in the right direction, but the path to wireless payment success is still fraught with hurdles. It does however pave the way for a future roll-out for smartphone payments. The financial giant certified Samsung’s Galaxy S II, LG’s Optimus Net NFC, BlackBerry Bold 9900 and 9790, and BlackBerry Curve 9360 and 9380 devices. The smartphones will work with the estimated 185,000 contactless payment terminals used in shops and stores. The new devices host the payWave application on a secure SIM card, allowing users to wave their mobile devices in front of a terminal to wirelessly transmit payments. In the U.S., mobile commerce company Isis “Ó a joint venture between AT&T, T-Mobile and Verizon “Ó signed a deal last year with Visa, MasterCard, Discover and American Express in a bid to deploy a wider mobile payments ecosystem. via Visa approves smartphones for NFC payments: Good start, but still hurdles ahead | ZDNet.