Intel Corp. and Visa Inc. have today announced an agreement to help push forward mobile trade solutions that are tailored to meet the needs of customers situated in developing and developed countries.
At a press conference at Mobile World Congress in Spanish town of Barcelona, both companies detailed their intention to work together to make sure that customers enjoy a consistent and secure mobile trade experience across all Intel® Atom™-based Smartphone’s and tablets.
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 Inc. during the press conference.
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.
The opening phase of the agreement between Intel and Visa includes:
- Intel’s Smartphone reference device powered by the Intel® Atom™ processor Z2460 for use with Visa payWave has been certified by Visa. Visa payWave is a mobile payment device that lets customers, to make quick and secure payments at shops by simply using their mobile phone in front of a contactless terminal.
- The Intel Smartphone Reference Device will host the Visa payWave payment application and features NFC (Near Field Communication) technology. It is the short range standard in communication that allows mobile phones to transmit securely, payment information to a payment terminal.
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, 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.
This agreement combines Visa’s experience in processing payments, account holder verification and with Intel’s experience in developing ground-breaking technologies that are the corner stone of the worlds computing devices.
At the Mobile World Congress in Barcelona, from 27 February to 1 March, both companies will display Visa mobile services on new Intel mobile devices, this includes V.me by Visa, Visa’s newest service, a digital wallet system, that features the Visa payWave software, Movida, Visa’s new payment service in India. And Visa Mobile Prepaid, Visa’s newest mobile-based product that is aimed at customers in developing countries.
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