Monday, February 25, 2013

'Next generation' Samsung smartphones to ship with Visa NFC payment system

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At an event today at MWC, Visa announced a partnership with Samsung that will result in its payWave mobile wallet app getting installed on the "next generation" of Samsung smartphones. PayWave will work with the NFC chip on those devices to enable mobile payments, but Visa says it's agnostic about exactly which credit cards get used with the app. It's part of the "Visa Ready Program," which lets all sorts of companies connect to Visa's network of payment systems — not just banks, but manufacturers and carriers as well. In that vein, Visa says that it's offering future Samsung customers the ability to hook up any Visa card to the secure NFC element in their smartphones for mobile payments.

PayWave is actually able to accomodate cards other than Visa cards, a technology that the company had actually licensed to both Google for Wallet and ISIS, even though had Visa suggested that the other major credit card companies would be on their own when it comes to getting their payment solutions on to Samsung's phones. Google Wallet, by comparison, currently allows users to use any card with its app.

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