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Samsung and Visa sign worldwide NFC deal - payWave

Following on from the success of the Samsung and Visa Olympics trial, the payWave payment system is now being distributed worldwide. It looks like Samsung will be pre-loading the payWave app onto every future Samsung smartphone with an NFC module. This would obviously cover any future Samsung Tizen device as well :-)
By
Ash
 - 
Feb 26, 2013

 
Following on from the success of the Samsung and Visa Olympics trial, the payWave payment system is now being distributed worldwide. It looks like Samsung will be pre-loading the payWave app onto every future Samsung smartphone with an NFC module. This would obviously cover any future Samsung Tizen device as well 🙂

 

The deal also gives banks the ability to load payment account information over-the-air to a secure chip embedded in Samsung devices (thanks, Mobile Provisioning Service), but neither company is coming clean on what devices in particular will be taking advantage. Unfortunately, this news may be even gloomier for non-Visa users -- it's unlikely Samsung's contract will allow it to announce similar deals with competing mobile payment services, but we suppose we'll see in time.

 

Source Engadget

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