contactless payment

Contactless Visa payments coming to European iPhones

Visa Europe and Wireless Dynamics have developed a mobile payment solution that’ll enable customers to use their iPhones for contactless payments. It’s based on the Wireless Dynamics iCarte accessory, which will be supplied by participating banks and mobile operators.

The iCarte plugs into the bottom of an iPhone 4, iPhone 3GS or iPhone3G. It contains an NFC/RFID antenna and an embedded Secure Element where the Visa card details are stored.  Payments are made via a dedicated app.
International

Are Contactless Payment Methods Secure?

“Contactless,” in this context, refers to the use of a wireless device. A payment is contactless when, instead of inserting your credit or debit card, you hold your card or keychain device within a few inches of the terminal, and your payment information is sent and processed wirelessly.

U.S.

What systems or services use RFID technology?

RFID (Radio Frequency IDentification) tags and labels are used mostly in manufacturing, shipping and object-related tracking. They have minimal built-in support for security and privacy. RFID tags are used to track pallets and packages in manufacturing and shipping, and for highway toll payment. They are used to keep track of people's pets and animals in agriculture, and to monitor start and finish times for runners in large races. Merchants are working to use RFID tags to replace bar codes on store-bought items to scan purchases and track inventory.

International

Can I use my contactless credit or debit card to pay transit fares?

In most cases today you cannot use your contactless credit or debit card from American Express, Discover Network, MasterCard or Visa to pay transit fares. Smart transit cards use different contactless technology that is unique for transit fare applications and differs one system to the next. Contactless credit or debit cards are designed to work the same everywhere, like other bankcards do.
International

Contactless is just getting started

It's an interesting time for contactless smart card technology. The payment cards are in the hands of consumers but now it's a matter of getting them to use them. he next year may be tough in terms of numbers but there also may be some important developments as more readers are deployed and different form factors released. Beyond that it's a matter of adding additional functionality to the card.
U.S.

Alliance releases paper on mobile payments

Finding the right business model for financial institutions, mobile network operators and others to come together to support near field communication and mobile payments is a challenge. The Smart Card alliance is offering its answers in a white paper entitled, "Security of Proximity Mobile Payments."

The white paper focuses on a "collaboration model," where financial institutions, network operators, trusted third parties and other stakeholders in the mobile payments ecosystem cooperate in the management and deployment of mobile applications.

U.S.
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