Visa and DeviceFidelity Inc. announced plans to market a new solution that can enable a mobile phone with a memory card slot to be used as a Visa mobile payment device.
The solution combines Visa’s contactless payment technology, Visa payWave, and DeviceFidelity’s In2Pay technology to transform a mobile phone with a microSD memory slot into a mobile contactless payment device. This can enable consumers to make mobile Visa payWave transactions at any retail location that accepts contactless payments.
Visa’s global transactions processing network, VisaNet, and its contactless payment technology are designed to securely process transactions initiated with the In2Pay solution, providing real-time fraud monitoring and encryption technology that work together to prevent counterfeit fraud.
The In2Pay solution conforms to the industry standard for microSD cards and integrates with multiple mobile phone operating systems, according to Visa. In2Pay uses an onboard software controlled antenna and an industry standard dual interface contactless smart card chip that supports Visa payWave, as well as other contactless applications such as transit, identification and access control.
In addition to DeviceFidelity, Visa is also working with technology providers and alliance partners, including CPI Card Group, Inside Contactless, Monitise plc, and NXP Semiconductors. Trials are scheduled to begin in the second quarter of 2010