Well, it has been no secret that Samsung hoped to benefit from this summer's Olympic fever. Truly, all of us but knew its latest and greatest smartphone was going to be the handset-maker's Olympic Games Phone. Today, however, the union was made official via a press release with Visa. Trialists and Athletes sponsored by the brands could have access to a unique edition "showcase device" with Visa's payWave payment application onboard. The collaboration is, for sure, a drive to push the penetration of contactless payments in both the united kingdom and the area stage. Payments under £20 won't desire a passcode, and users can be capable of check their balance and buy history from the app. It's estimated there will be about 140,000 contactless terminals within the country by the point the Olympic tanks roll in, so various places to select up that official merch for the family back home.
Samsung and Visa Showcase Mobile Payments on the London 2012 Olympic and Paralympic Games
NFC technology takes a step forward within the type of the Samsung GALAXY S III with Visa mobile contactless payments
LONDON & SEOUL & NEW ORLEANS--(BUSINESS WIRE)--Samsung Electronics and Visa today announced that the Samsung GALAXY S III, the most recent in smartphone innovation, can be Samsung's Olympic Games Phone throughout the London 2012 Games.
"The GALAXY S III with NFC technology is a part of an evolution so as to entirely change the best way people shop, pay and receives a commission world wide"
A limited edition showcase device enabled with Visa's mobile payment application, Visa payWave, would be available for Samsung and Visa sponsored athletes and trialists, making it possible to purchase merchandise with a wave of the device at thousands of retail locations throughout London.
Samsung's Olympic Games phone for the London 2012 Games, comes equipped with Near Field Communication (NFC) payment capability and is the next move within the partnership between both global Olympic Games sponsors as they interact to drive the provision of economic mobile payments world wide.
"Mobile payment services enabled by NFC technology are gaining momentum worldwide. The Samsung GALAXY S III was created with our human needs and capabilities in mind and is the precise device to showcase the benefit and convenience of Visa's mobile payment application on the London 2012 Olympic Games," said DJ Lee, Executive Vice chairman and Head of Sales and Marketing team of Samsung's Mobile Communications Business.
By the point of the Olympic Games there'll be greater than 140,000 contactless terminals round the UK. From the instant visitors land at Heathrow they are going to be immersed in a contactless payment experience with everything from taxis, to stores, to the Olympic Park itself.
Sandra Alzetta, Senior Vice chairman of Mobile at Visa Europe says: "Mobile technology has long been a revolutionary force in our lives and NFC-enabled devices equivalent to the Galaxy S III will fundamentally change the style we pay. The long run is mobile and cash usage will only continue to say no as people use their mobile devices to control their money, shop and pay. This summer our partnership with Samsung will showcase the entire advantages of the way forward for payments: security, convenience, speed and suppleness being forefront among them."
"The GALAXY S III with NFC technology is a part of an evolution for you to entirely change the way in which people shop, pay and receives a commission around the globe," said Bill Gajda, Global Head of Mobile Products at Visa Inc. "This summer we are able to be demonstrating the way forward for payments in London – a future where most consumers will rely upon mobile devices, tablets and PCs to administer their daily financial lives. Our relationship with Samsung gets us in the direction of that vision, with an exquisite new device that may be certain to turn heads on the London 2012 Games."
The showcase device is supported and enabled by London 2012 Games partner Lloyds TSB within the UK.
Mike Regnier, Personal Current Accounts & Bank cards Director, Lloyds TSB, says: "Mobile payments are set to seriously change the payment process around the globe, and could revolutionise the style people pay inside the run as much as, during, and beyond the London 2012 Games. We're delighted to be working with Visa to showcase the versatility and convenience of this new technology on the world's biggest sporting event, and excited to look the Samsung Galaxy S III in action."
Visa payWave for mobile allows users to easily select the Visa icon on their mobile device and hold the telephone to a contactless payment terminal to pay. Purchases above £20 require a passcode. The appliance also allows customers to match their transaction history and consider their account balance.
From WhatNewsToday.net
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