& cplSiteName &

Nokia Takes Visa

Light Reading
LR Mobile News Feed
Light Reading
9/23/2003
50%
50%

HELSINKI -- Nokia and Visa EU today announced their cooperation in the field of mobile payments. Nokia, the world's leading manufacturer of mobile phones, and Visa, a leading payment brand, have joined forces to enable consumers to use their mobile phones to make secure and convenient card payments. The cooperation is centered on the new advanced wallet application in Nokia handsets and the Verified by Visa service.

The new version of the wallet application, first introduced in the Nokia 6220 and Nokia 6600 phones, makes service access and mobile payment easy and convenient for mobile users. The application enables users to store a range of personal information, such as usernames and passwords for different mobile services, Visa payment card details, delivery addresses and personal notes, on their mobile phone and easily retrieve that data during a browsing session to fill in required data fields.

The needed data can be sent to the application over-the-air by service providers and card issuers or alternatively the consumers can manually enter data into the wallet All the data in the wallet is encrypted and the application can be accessed only with a wallet PIN code.

Visa sees the mobile channel as an integral part of its strategy and is extending the Verified by Visa service to include the mobile channel. With Verified by Visa, consumers can shop online with added confidence. Verified by Visa protects the cardholder with a unique password and personal assurance message, meaning that no one else can use the Visa card number at any of the Verified by Visa retailers. Cardholders can use the same password both in the Internet channel and in the mobile channel. The underlying technology behind the Verified by Visa service is the 3-D Secure protocol, a global payment authentication standard developed by Visa to make online shopping safe by authenticating cardholders and merchants.

Now Nokia and Visa are together driving convenient and secure mobile payments. Visa sees the mobile phone and especially the new convenient wallet application to be a key component in the large-scale adoption of mobile commerce services. Nokia, in turn, supports the adoption of the Verified by Visa service into the mobile world as it gives both consumers and merchants more confidence while using mobile phones as key payment devices for both digital and physical goods. Modirum, a software company, has carried out extensive testing to verify the compatibility of the wallet application and the Verified by Visa service.

"The latest technological advancements, such as high-quality colour displays and next generation XHTML browsers over TCP/IP, allow end-users to enjoy richer and more compelling graphical content and increased efficiency for large data files," said Kai Öistämö, Senior Vice President, Mobile Phones Business Unit, Nokia Mobile Phones. "Together with the new wallet application, this will boost the consumer uptake of mobile browsing and purchasing. Working together with a global leader such as Visa gives us a great chance to further encourage Nokia phone users to use their devices also for mobile payments."

"By extending the 3-D Secure specification beyond the traditional fixed-line Internet, we can ensure that secure payments can be made also in the mobile domain. The success of these mobile payments will depend on having easy and convenient devices such as the one we are announcing today. We believe that this will help the mobile channel to grow in importance and want Visa to be the preferred choice of mobile commerce payment, just as it is in other channels," says Guido Mangiagalli, Head of New Channels Visa EU

Nokia and Visa are demonstrating the wallet application and Verified by Visa at the Mobile Commerce World Europe 2003 event, taking place in Excel, London on 23-24 September 2003.

Nokia Corp.

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
The 'gleaming city on a hill,' Steve Saunders calls it. But who is going to take us from today's NFV componentry to the grand future of a self-driving network? Here's a look at the vendors hoping to make it happen.
Flash Poll
Upcoming Live Events
September 28, 2017, Denver, CO
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue – London
November 10, 2017, The Westin Times Square, New York, NY
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Could 5G Have Found Its Glass Ceiling?
Dan Jones, Mobile Editor, 9/20/2017
1 Million Pirate Set-Top Boxes Sold in the UK
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 9/20/2017
Comcast Shuts Down OTT Again
Mari Silbey, Senior Editor, Cable/Video, 9/19/2017
Photo Highlights: Operations Transformation Forum 2017
Ray Le Maistre, International Group Editor, 9/17/2017
WiCipedia: Endangered Species, 'the Pao Effect' & Bad Actors
Eryn Leavens, Special Features & Copy Editor, 9/22/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed