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Visa and Nokia team up for mobile payments


It's not as foreign of a concept now that PayPal is offering mobile payments in the good ol' US of A and RFID credit cards abound, but Visa and Nokia are getting their own little project off the ground in Malaysia for credit card payments from a mobile phone. The "Mobile Visa Wave Payment Pilot" is based on the simple idea of smart card payments, but embeds the radio inside a Nokia phone instead of a credit card. During the trial, 200 Visa Wave cardholders will get to spend their monies with the wave of a special Nokia 3230 phone, with 2500 retail outlets accepting such payments. Visa of course claims a great deal of security for the project, but we're still leaving that blink card at home for now.

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