Visa approves RIM’s NFC mobile payment solution
Great news for RIM before its big announcement scheduled for the end of the month as today Visa approved RIM's Secure Element Manager (SEM) solution for NFC payment.
Frank Maduri, Senior Director, NFC Services and TSM Product Management at RIM said:
"The approval from Visa of RIM's SEM solution is an important step in that it will enable carriers to support Visa issuing banks and financial institutions. We now offer carriers a robust solution with around-the-clock global support that works on any NFC-capable device, and meets the stringent technology and usability guidelines for Visa."
Andy Castonguay, Principal Analyst, at Informa Telecoms & Media said:
"RIM's success in gaining Visa's formal approval as secure element manager is a crucial step in expanding RIM's role as a key security partner for mobile payment solutions around the globe. RIM's secure network operations center provides a unique combination of global geographic reach, and has established trusted relationships with hundreds of carriers around the world with an unparalleled reputation for security, which sets RIM apart as an SEM partner in the growing mobile payments space."
RIM's SEM solution is already approved by MasterCard and EnStream, a mobile payment company set up by Canada's three largest wireless networks Bell, Rogers and TELUS.