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Visa, Nokia launch payment apps

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Financial services giant Visa and Nokia plan to deliver Visa payment and payment-related services – including contactless payments, remote payments, money transfer, alerts and notifications – for Nokia's next-generation handsets from October.

The Visa applications will first be made available for trial use by interested financial institutions and will allow consumers with the Nokia 6212 classic and a relationship with a participating Visa issuing bank to use their Visa account to pay for goods and services; initiate mobile money transfers to other individuals with Visa accounts; receive near realtime notifications of activity on their Visa account; and "opt in" to receive offers and discounts from merchants.
 "Mobile payments and services are one of the most vibrant areas of innovation at Visa as we seek to accelerate the migration from paper forms of payment to digital money," says Tim Attinger, head of global product innovation at Visa. "Visa is already better money – more convenient, reliable and secure than cash.  Putting Visa payments and exciting new services into the NFC-equipped Nokia 6212 classic adds another layer of convenience and security for Visa account holders and Nokia customers around the world."
The Nokia 6212 classic includes integrated Near-Field Communications chipsets (NFC) which lets the mobile device behave like a contactless payment card, where consumers simply wave it within a few inches of a special point of sale reader to complete a Visa transaction. Nokia and Visa first demonstrated NFC technology in December 2005 with the launch of the first large scale NFC trial in the US at the Phillips Arena in Atlanta.
These plans represent the next phase in an ongoing effort between Visa and Nokia to make mobile payments a reality for consumers around the globe. The long-term collaboration between Nokia and Visa has already resulted in multiple trials of Visa mobile payments enabled through NFC technology on four continents.
"NFC-capable devices such as the Nokia 6212 Classic are set to change the way mobile phone users interact with devices and services in their surroundings," says Jeremy Belostock, the head of near field communications at Nokia. "With our partnership with Visa, we're bringing the value of electronic payments and services directly into the mobile phone, making our customers' everyday lives more convenient."