Secure mobile e-commerce has moved a step closer with Nokia and Visa International announcing details of a new...
The credit card giant and Finnish mobile handset manufacturer have signed an agreement to develop ways in which financial institutions and mobile phone operators can offer secure payment services to their customers via a mobile phone.
Both companies are committed to establishing open specifications based on the wireless application protocol standard for secure payments over the Internet, and they will also collaborate on a mobile electronic wallet.
A pilot of the technology will take place with MeritaNordbanken in Sweden and Finland later this year. The mobile handset will contain two chips - one that authenticates Visa credit or debit payments and a Sim chip to allow the user to make calls and access the mobile Internet.