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RIM gets Visa approval for mobile payments via NFC

Matt Hamblen | Jan. 17, 2013
Research in Motion announced Wednesday that credit card company Visa has approved RIM's security management system for use in mobile payments made with smartphones or tablets that use a Near Field Communication chip.

RIM's announcement will likely bolster interest in mobile payments in the U.S., where many device users have been cold to the NFC technology mainly because of security worries and a longtime habit of using credit cards to buy goods and services, analysts said.

In Japan and South Korea, smartphone users widely use their NFC-equipped devices to make low-cost mobile payments at retailers and for rides on public transit. The system first rolled out more than a decade ago amid broad cooperation between carriers and banks there.


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