Feeds

Wells Fargo hops NFC train

Joins BoA and Visa in trials

Intelligent flash storage arrays

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. ®

Security for virtualized datacentres

More from The Register

next story
TEEN RAMPAGE: Kids in iPhone 6 'Will it bend' YouTube 'prank'
iPhones bent in Norwich? As if the place wasn't weird enough
Consumers agree to give up first-born child for free Wi-Fi – survey
This Herod network's ace – but crap reception in bullrushes
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
Surprise: if you work from home you need the Internet
Buffer-rage sends Aussies out to experience road rage
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.