Feeds

Visa finds a home inside a Nokia

Handset vendor or bank?

SANS - Survey on application security programs

Visa and Nokia have signed a deal to embed Visa functionality in the NFC-touting Nokia 6212 Classic, enabling US owners to upload their Visa accounts onto the handset as well as transferring money between handsets over the wireless network.

Visa and Nokia have worked together before, on NFC deployments and trials, but the 6212 Classic is a mainstream handset which happens to have NFC technology built in. This project with Visa will start with 6000 users, as reported by RFID Journal, but is the first phase of a roll-out rather than a trial.

It's also significant as it's the first time punters have been given the ability to transfer funds directly themselves, or at least their Visa accounts, making it a significant step towards mobile-phone-as-currency - not to mention putting Nokia firmly in control of the application distribution and security.

NFC handsets such as the 6212 contain an electronic wallet, into which can be loaded applications such as Visa's payWave. One of the sticking points in NFC has been under whose control that wallet should be - who holds the cryptographic keys that determine which applications are appropriate. The London NFC trial was notable in that O2 was permitted control over a few virtual wallets, through the SIM, but the vast majority fell under Nokia's control.

This deal cements that position, with network operators not even warranting a mention this time around - Nokia wants to deal directly with punters, and Visa is there to provide the trusted brand while the network operator is reduced to the status of an ISP.

Nokia has given the network operators plenty of opportunity to take control of the NFC wallet, but if they won't then the manufacturer is more than willing to take responsibility for offering the service direct to punters. In fact, it fits rather well with the direction Nokia would like to be going. ®

3 Big data security analytics techniques

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.