Visa Inc. and Intel Corporation have announced a multi-device, multi-year agreement to develop mobile commerce solutions for Intel’s smart phones and tablets.
During a press conference at Mobile World Congress in Barcelona, the companies outlined plans to bring Visa payWave NFC payments to Intel Atom-based smart phones and tablets, including the Intel Smartphone Reference Device, as well a provide mobile financial services to customers in developed and developing countries worldwide.
According to Visa, the company has already certified Intel’s Smartphone Reference Device for use with payWave, which enables consumers to make payments at retail locations by simply waving their mobile phone in front of a payment terminal.
When used in combination with a Visa-compliant UICC, smart phones based on Intel’s Smartphone Reference Device can be also be connected 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 smart phone.
This week at MWC, the companies are showcasing several Visa mobile services on Intel mobile devices, including V.me, a new digital wallet service based on payWave; Movida, Visa’s new payment service in India; and Visa Mobile Prepaid, a mobile-based product tailored to consumers in developing countries.