HEADLINE NEWS
UK: Olympics Phone to Get Tryout for London Games
Visa and Samsung Electronics, both sponsors of the London 2012 Olympic Games have designated Samsung’s flagship Galaxy S III as the Olympics phone to demonstrate NFC mobile payment. Visa is distributing about 1,000 of the high-end Android handsets to executives of banks, mobile operators and merchants in Europe, along with some athletes. They’ll be able to tap to pay wherever Visa payWave EMV applications are accepted, which will include 140,000 point-of-sale terminals in the UK by the time the games start in late July. That will include 3,000 point-of-sale terminals in Olympic venues that will be able to accept high-value payment, above £20 (US$31.30), with users required to enter a passcode in their handset keypads to complete the transaction.
Although originally touted as a commemorative phone to be handed out mainly to athletes, Visa now seems to emphasize that executives with banks, telcos and other m-commerce players in Europe will get the lion’s share of the phones. The sponsors hope to entice the execs to roll out NFC mobile payment elsewhere in Europe.
* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.
N/A: Not available or not applicable.
Last update: June 2012
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