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Iphone to get Visa contactless payment
PAYMENT ASSOCIATION Visa will introduce a contactless payment scheme for smartphones, including Apple's Iphone.
The cunning plan is built around a memory card, which when inserted into the mobile phone makes it your decidedly inflexible friend. The phone can then be used to make payments using Visa's Paywave technology, similar to that used in Transport for London's Oyster card.
One of the Iphone's many failings is its lack of removable storage, meaning that the device lacks the fundamental technology required to make Visa's Paywave technology work. For that reason Visa teamed up with Devicefidelity to cobble something to bfit the shiny toymaker's slab phone.
Sadly for image obsessed fanbois the solution defaces the Iphone by placing a "protective case" around their iconic toy in order to give the device a means to accept the same "secure memory card" that can be inserted neatly into other smartphones. Visa claims that the contraption will work with Iphone 3G and 3GS handsets.
Visa is touting its contactless payment technology as a means of paying for small items and services. Unsurprisingly, the firm stresses that the payment application itself will be password protected and says that it uses "advanced security technology" to identify each transaction.
Given that the underlying payment technology, Paywave, is accepted at a large number of eateries and shops, it's surprising that Visa hasn't made the jump sooner. Virtual money outfit Paypal recently partnered with Bump Technologies to offer a more tactile way of making payments through the Iphone, however given the less than perfect customer service reputation of Paypal, we think that most punters will have a bit more faith in Visa.
Visa announced that trials of the Iphone payment technology will begin sometime this summer. µ
Tags: Apple
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sure it's convenient but at what price to freedom and liberty. it sets a dangerous president. do not want. cash isn't perfect but it is the best society has right now. we should exercise this right to carry and use cash at every opportunity. use it or loose it!
Because the iPhone doesn't have an external memory slot, they are creating a "protective" case in order to basically adhere a chip and antenna to for PayWave transactions? Anyway, this is really all to develop customer behaviour and familiarity with using a phone to make contactless transactions until a real NFC product is available
Where we are too inconvienced to carry a wallet with a drivers license and similarly sized credit card, and to pull out said credit card and swipe it at a terminal. This isn't technological advancements, it's sheer laziness.
So as I understand from your piece the product replaces your storage on a normal phone. This is so stupid it beggars belief. Epic Fail.
Cash, I think you will find it's accepted at most places.
Perhaps the advanced security will be a photo of the user? That should do it.
Chip n pin - what about a printable photo of the user that's part of the shop keeper's receipt?
And to really deter fraudsters, what about photographing a face each time a payment is made?
Big brother, save us!
Interesting how "innovative" they are, when all they're effectively doing is sticking a Visa card to the back of a phone.
I wonder how much people will actually pay for this?
I have had a barclaycard with this visa technology for the last two/three years. None of the shops/ markets I visit even in central london accepts this kind of payment. Many do not even accept my american express card.
I wait for the day when we can make payments using our oyster cards in london.The readers are already there in most places and system tells you when you buy things and can get a receipt. I have had problems in the past with Visa, getting refunds from fraud sellers.
Paypal has never let me down used togeather with ebay or alone. Paypal should bring out their own credit card system without visa/ mastercard with the same safety features as they offer now and I will be very happy not to use visa anymore as it is very difficult to dispute transactions if things go wrong with them. The bank call centre staff blames Visa and Visa blames the bank issuing the visa card.