The patent covers a way to enable shoppers to create and use a ‘virtual payment card’ so they can make payments in shops and online with their mobile phone without divulging their card details. More
Monitise picks up mobile payments patent
Results
NXP cuts NFC mobile phone production forecast
NXP technology has been designed into more than sixty NFC handsets under development by a number of phone manufacturers, the chip maker’s CEO has told analysts, but no more than 40m NFC phones are now expected to be produced this year — down from a previously forecast 70m to 100m units. More
2009 will be the year of contactless payments, says Visa Europe boss
As he reported the payments company’s latest trading results in Brussels last week, Visa Europe’s chief executive confirmed innovation is key to the company’s plans for the coming year. More