Giesecke & Devrient (G&D) and Nokia have established a global joint venture that offers banks, transport companies and other retailers mobile commerce technology.
The technology will enable them to offer their products and services to mobile users.
The new venture is called Venyon; 57% of which is owned by G&D and 43% by Nokia.
Services to mobile users will be offered and downloaded using Near Field Communication (NFC) enabled mobile devices. NFC is a short range wireless technology that can work with ATMs, cash tills and other devices.
With Venyon’s Secure Chip Management services, consumer applications, such as credit cards or transport tickets, can be securely and easily downloaded via a mobile operator's network to mobile devices.
Venyon is headquartered in Helsinki, with other offices in Munich. Other sites are planned for Dallas and Singapore.
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