The frontiers of online payment are widening and in recent days the credit card circuit Visa announced a joint venture with Samsung to enable companies to streamline all relationships with lenders and to streamline all payment procedures via PayWave application we’ll see pre-installed inside the future of Samsung devices equipped with NFC.
The mechanism is very simple. With this application the banks will tie more directly with businesses since there will be no physical payment but only a monetary transaction via a secure chip that will use the Visa Mobile integrated Provisioning System. Everything will be connected to Samsung KMS which will keep secrets all data about who makes the payment. Innovation is of momentous ones and with the NFC mobile payment payment transactions will become immediate and simple. Instead of using the ATM just place the phone on the area dedicated to the inclusion of the ATM machine and you’re done. At this point you should only complete the transaction and the payment will be carried out successfully.
The only uncertainties are related only to the place where we will see the application of this method of payment. It seems that in the us you will not see, while Visa has left the door open to Italy. We will know more when everything will be formalized. The certain thing is that this payment system will work only with Visa credit cards. May also be used with other types of paper but, at the moment, has not started any license leasing agreement which covers in this sense.
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