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Visa-Nokia solidifies further mobile payment project

Posted: 30 Sep 2008 ?? ?Print Version ?Bookmark and Share

Keywords:mobile payment Visa? contactless service? NFC?

Visa Inc. and Nokia will jointly deliver Visa payment and payment-related services, including contactless payments, remote payments, money transfer, alerts and notifications, for Nokia's next-generation handsets beginning with the Nokia 6212 classic, expected to be available starting in October.

The Visa applications will first be made available for trial use by interested financial institutions and will allow consumers with the Nokia 6212 classic and a relationship with a participating Visa issuing bank to use their Visa account to pay for goods and services; initiate mobile money transfers to other individuals with Visa accounts; receive near real-time notifications of activity on their Visa account; and "opt in" to receive offers and discounts from merchants.

"Mobile payments and services are one of the most vibrant areas of innovation at Visa, as we seek to accelerate the migration from paper forms of payment to digital money," said Tim Attinger, head of global product innovation at Visa Inc. "Visa is already better money more convenient, reliable and secure than cash. Putting Visa payments and exciting new services into the NFC-equipped Nokia 6212 classic adds another layer of convenience and security for Visa account holders and Nokia customers around the world."

The Nokia 6212 classic includes integrated NFC chipsets, which lets the mobile device behave like a contactless payment card.

"NFC-capable devices such as the Nokia 6212 classic are set to change the way mobile phone users interact with devices and services in their surroundings," says Jeremy Belostock, the head of Near Field Communications, Nokia. "With our partnership with Visa, we're bringing the value of electronic payments and services directly into the mobile phone, making our customers' everyday lives more convenient."





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