MasterCard certifies Gemalto’s NFC payment solution
MasterCard certifies Gemalto’s NFC payment solution
The ability to use your phone for NFC mobile payments across borders just became a reality. Gemalto announced that it has developed the first UICC-embedded software application that is approved by Mastercard’s mobile payment specification for NFC. Gemalto’s software provides a number of features, including the Trusted Service Management interface for PayPass payments, and the ability to manage and view your mobile transaction history. Your SIM, and ultimately your phone, can be linked to debit, credit, and prepaid accounts — users can even top up their prepaid cards using Gemalto’s software. You’ll also be able to set your account PIN directly from your phone. When we interviewed MasterCard’s vice president of mobile, James Anderson, last week, he said that the key to NFC was that it has to work wherever you are — whether you’re at home or away on vacation. That’s now possible. “Leveraging the interoperability of MasterCard PayPass, Gemalto’s effort will enable cross-border mobile NFC payment, adding ease to the fast-paced lifestyles of more and more consumers across the world,” Anderson said. It’s unclear when Gemalto’s solution will land in the hands of consumers, but the company says it is already working with a first-tier financial institution and a major global carrier for a UK roll-out. Hit the jump for the full release More →






