RIM gets Visa approval for mobile payments via NFC

January 17, 2013

Research in Motion announced Wednesday that credit card company Visa has approved RIM's security management system for use in mobile payments made with smartphones or tablets that use a Near Field Communication chip. The system, called Secure Element Manager (SEM), provides software and server infrastructure in the cloud that is managed full-time globally by RIM, said Geoffrey MacGillivray, senior product manager for NFC services at RIM, in an interview. SEM works with the secure element installed in SIM (Subscriber Identity Module) cards or the embedded secure element installed in NFC-ready mobile devices. The SEM is intended for use by wireless carriers to offer their device customers the ability to make mobile payments through banks that work with Visa and potentially other credit card companies. SEM meets the "stringent technology and usability guidelines for Visa," RIM said in a statement. That includes encryption of mobile payment data, both on devices and over the air to banks, and the downloading of applets with a customer's credentials, as well as management of PINs and other authentication data used to activate a mobile payment, MacGillivray said. To read this article in full or to leave a comment, please click here

Link: http://www.computerworld.com/s/article/9235900/RIM_gets_Visa_approval_for_mobile_payments_via_NFC