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Visa Closer to iPhone Payment

We touched on this subject a few weeks back and here’s an update from Engadget.com.

By Vladislav Savov posted May 18th 2010 5:38AM via engadget.com

Visa has been trying to finagle its way onto mobiles for quite a while, and its latest attempt, done in partnership with DeviceFidelity, has now been named as the In2Pay system for iPhones of 3G and 3GS varieties. Built around an app ensconced on a MicroSD card inside that oh-so-special iPhone case, this offers contactless payments anywhere that Visa’s payWave is available, as well as secure access to buildings and computer networks. Yep, that sounds like it’s definitely going to end in tears, but the brave cash collectors are pressing ahead. Trials are still set for the second quarter of this year, which makes them imminent, and soon thereafter we’ll all be making our ill-advised purchases with even greater ease. Video and full PR after the break.

~TechnoNoob~

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