HEADLINE NEWS
U.S.: Bank of America launches Second M-Payment Trial with microSD Cards
Bank of America is launching a larger trial of mobile payment using contactless microSDs compared to one it launched last fall. This one involves real customers, not employees, who will be able to tap with any of six BlackBerry models in three cities. They will reportedly be able to load up to four Bank of America card accounts in a "Mobile Wallet" app on their smartphones. The payment applications could be MasterCard PayPass or Visa payWave. Trial participants could tap to pay wherever these applications are accepted.
A successful second trial of contactless microSDs could lead to a rollout by the big U.S. bank, which has been active in trying to find a way to launch contactless-mobile payment without playing ball with the major U.S. mobile carriers.
* 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: Feb. 2011
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