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Intel Corp. and Visa has announced a strategic agreement to develop mobile commerce solutions tailored to consumers in developed and developing countries. During a press conference at Mobile World Congress in Barcelona, the companies outlined plans to collaborate to ensure consumers enjoy a consistent, streamlined, secure mobile commerce experience across Intel Atom-based smartphones and tablets.

Visa has certified Intel's smartphone reference device powered by the Intel Atom processor Z2460 for use with Visa payWave, Visa's mobile payment technology that enables consumers to make fast and secure payments at retail locations by simply waving their mobile phone in front of a payment terminal. This will enable turn-key implementation for OEMs delivering NFC-enabled smartphones.

The Intel smartphone reference device will host the Visa payWave payment application and features NFC (Near Field Communication) technology, the short range communications standard that enables mobile phones to securely transmit payment information to a payment terminal.

When used in combination with a Visa-compliant UICC, smartphones based on the Intel smartphone reference device handset can be enabled to connect to Visa's mobile provisioning service providing financial institutions and mobile operators the means to securely download Visa payment account information and the Visa payWave application "over the air" to a secure chip on an NFC-equipped smartphone. The connection to Visa's mobile provisioning service can be enabled by a trusted services management platform, such as Giesecke & Devrient's (G&D) platform.

"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. Our work with Visa also extends to our customers designing products based on Intel's smartphone reference device," said Mike Bell, Intel vice president and general manager of the company's mobile and communications group.

The agreement combines Visa's expertise in payment processing, account holder authentication and global network reach, with Intel's expertise in developing innovative technologies that serve as the foundation for the world's computing devices.

At Mobile World Congress in Barcelona, from February 27th to March 1st, the companies will showcase Visa mobile services on the new Intel mobile device, including V.me by Visa, Visa's new digital wallet service featuring the Visa payWave application; Movida, Visa's new payment service in India; and Visa Mobile Prepaid, Visa's new mobile-based product tailored to consumers in developing countries.

Tags: Intel, Visa, Atom, Medfield

Discussion

Comments currently: 3
Discussion started: 02/28/12 12:09:19 AM
Latest comment: 02/29/12 10:36:58 AM
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1. 
tailored to consumers in developed and developing countries.


Nothing is tailored at developing countries

people there can't afford ARM tablets or smartphones, they won't afford intel's ones for double the price

and please don't make any stupid replies unless you live there and know how it's like (Talking about africa, east asia and south asia)
0 0 [Posted by: madooo12  | Date: 02/28/12 12:09:19 AM]
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2. 
This is for the tourist trade not aimed at the local residents. Credit cards etc are carried by the tourists not the locals.It is one way to by-pass travelers cheques etc., thus increase Visa profits nothing to do with the locals.
0 0 [Posted by: tedstoy  | Date: 02/29/12 02:16:40 AM]
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- collapse thread

 
that thing I believe, I hate it when nobody cares about the locals and only care about tourists even though the country actually belongs to the locals,

Libraries, transport, restaurants, sites... are only made for tourists by the government and no locals are allowed to use them
0 0 [Posted by: madooo12  | Date: 02/29/12 10:36:58 AM]
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