Feeds

Wells Fargo hops NFC train

Joins BoA and Visa in trials

Beginner's guide to SSL certificates

Wells Fargo is joining the effort spearheaded by Visa to help NFC break in the difficult American market.

The addition of Wells Fargo, reported by Reuters, means that three US banks - the others being Bank of America and US Bancorp - are now working with Visa to proximity-payment enable mobile phones, bypassing the network operators and aiming to have a commercial service launched next year.

Americans already have proximity payment systems, but these trials are using a MicroSD NFC card dropped into a phone handset (or lashed to the outside of an iPhone), with an on-phone application being used to manage the NFC data and services.

As NFC World points out: if Visa is using the In2Pay platform from its partner DeviceFidelity then the MicroSD card contains everything needed to host the service - a kind of SIM-substitute that can (just like a SIM) be moved between (smartphone) handsets as the user changes. That cuts the network operator out entirely - but the network operators had their chance and muffed it.

It's not just about payments, though. Once the NFC hardware is in place it's perfectly possible for other companies to provide NFC services (loyalty schemes for example) piggybacking on the bank's hardware, as long as the bank approves it.

Visa might also decide to allow unapproved smartphone applications access to the NFC capability, if not the secure module, which opens up the platform for all the cool stuff NFC is capable of once the killer application has been found. ®

Remote control for virtualized desktops

More from The Register

next story
Mighty Blighty broadbanders beg: Let us lay cable in BT's, er, ducts
Complain to Ofcom that telco has 'effective monopoly'
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?