Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
Search
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Mobile

    Samsung Previews Wallet Mobile Payment Platform: MWC

    By
    Nathan Eddy
    -
    February 27, 2013
    Share
    Facebook
    Twitter
    Linkedin

      BARCELONA, Spain—Apple has its Passbook mobile payment system, and now Samsung is taking the wraps off of its own, Google Android-based platform called Wallet, which the company showcased at its Developer Day event at the conference.

      Similar to Passbook, Wallet offers time- and location-based push notifications as well as the ability to store event tickets, boarding passes, membership cards and coupons in one central location. The app, which is not enabled with near-field communication (NFC) technology, is currently only in developer preview but the chatter around the convention suggests it will be released to the public in time for the expected launch of the Galaxy IV smartphone in March.

      Walgreens, MLB, Expedia, Booking.com, Hotels.com and Lufthansa, are among the U.S. partners the company said it expects to have on board when the application goes live. In addition, Visa and Samsung announced a global alliance that combines Visa’s expertise in payments with Samsung’s mobile device technology.

      According to the agreement, financial institutions that are planning to launch mobile payment programs will be able to use the Visa Mobile Provisioning Service to securely download payment account information to NFC-enabled Samsung devices. Samsung has also agreed to load the Visa payWave applet onto its mobile devices featuring NFC technology. Visa payWave is the company’s own mobile payment applet that enables consumers to make “wave and pay” contactless payments using mobile devices.

      “Samsung has been a pioneer in NFC devices and is again leading the way in enabling NFC-based mobile payments. The partnership with Visa represents a step towards a global mobile payment platform,” Samsung Electronics president and head of media solutions Dr. Won-Pyo Hong, said in a statement. “We believe that we have a strong value proposition for financial institutions that will ultimately allow consumer choice in NFC payments.”

      A November 2012 report from ABI Research forecast that a total of 1.95 billion NFC-enabled devices would ship in 2017. Last year was the first time that ABI Research raised forecasts for NFC-enabled handsets, up from 80 million units to 102 million for year-end 2012. The report said the lion’s share of NFC enablement will continue to be focused in the handset market, but other devices, like tablets, PC accessories and gaming consoles will also see NFC technology integrated into them.

      Nine out of the top 10 original equipment manufacturers (OEMs) now have NFC-enabled handsets commercially available, with most housing an embedded secure element solution, the report noted, adding the increase in potential user base is making investment into NFC applications more justifiable.

      Earlier in the year, IT research firm Gartner forecast that mobile transaction volume and values would average 42 percent annual growth between 2011 and 2016, with $617 billion worth of transactions taking place by 2016.

      Avatar
      Nathan Eddy
      A graduate of Northwestern University's Medill School of Journalism, Nathan was perviously the editor of gaming industry newsletter FierceGameBiz and has written for various consumer and tech publications including Popular Mechanics, Popular Science, CRN, and The Times of London. Currently based in Berlin, he released his first documentary film, The Absent Column, in 2013.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      eWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      Zeus Kerravala - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      Wayne Rash - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Information

      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×