Visa Introduces a Credit Card on a Phone
Visa is introducing a cellphone payment system that is more than sticker-thin. The service is currently available only in Malaysia, but it will be expanded to other countries in coming years.
Visa Makes NFC Payment Commercially Available
Visa has launched its first commercial mobile payments service for point-of-sale transactions using NFC (Near Field Communications) technology, it announced on Thursday.
The service is available in Malaysia, and allows users to pay for goods by waving their NFC-enabled Nokia 6212 classic handset in front of a contactless reader, according to a statement from Visa. The launch signals the move from pilots to real roll-outs, it said.
In December, Visa also launched the first commercial service in the U.S. that, for example, includes owners of the Android-based T-Mobile G1 getting transaction alerts sent to their phone, it said in a statement.