Bangalore gets nextgen mobile payment scheme
02-07-2009
Citi has launched Citi Tap and Pay, a next-generation contactless credit card payment scheme based on Near Field Communications
technology. The comprehensive pilot has been undertaken with Nokia, Vodafone, MasterCard and ViVOtech. NFC-enabled phones
can replace the multitude of cards in consumer wallets.
The technology allows customers to tap their mobile phone on a contactless reader at the point of sale to pay for purchases, eliminating the need for the traditional swiping of credit cards. The service does away with the need for customers to send SMS or incur mobile data charges to make these payments. Early adopters of this technology will enjoy promotional offers such as discounts at popular merchant establishments.
Nokia will support the service with its NFC-enabled Nokia 6212 classic phones The 3G phone provides consumers the capability to conduct NFC-based transactions. ViVOtech is providing the underlying technology, including the NFC wallet, the Over-the-Air (OTA) card provisioning software, the smart posters and the mobile coupon application in addition to the contactless readers that participating merchants will use to accept payments. Vodafone is the mobile network operator for the pilot service. MasterCard will offer its MasterCard PayPass contactless payment and security infrastructure.
Citi Tap and Pay customers will use the new NFC-capable Nokia N 6212 classic phone, which they can purchase at designated Nokia stores, pre-loaded with the Citi Tap and Pay application enabled with MasterCard's PayPassTM contactless payments technology. They will then be able to securely execute an Over-The-Air (OTA) download of their Citibank MasterCard Credit card onto their mobile phone. Once personalized, their credit card on the phone is ready.
Customers can use the phones to make Tap and Pay transactions at locations displaying the Citi Tap and Pay and MasterCard PayPassTM acceptance marks. Citi Tap and Pay transactions are absolutely secure, and require a PIN validation that ensures complete peace of mind. In addition to the built-in security features, the contactless payment transactions will be automatically charged to a customer?s Citibank MasterCard card account through the same secure payment network that processes traditional credit card transactions.
The technology allows customers to tap their mobile phone on a contactless reader at the point of sale to pay for purchases, eliminating the need for the traditional swiping of credit cards. The service does away with the need for customers to send SMS or incur mobile data charges to make these payments. Early adopters of this technology will enjoy promotional offers such as discounts at popular merchant establishments.
Nokia will support the service with its NFC-enabled Nokia 6212 classic phones The 3G phone provides consumers the capability to conduct NFC-based transactions. ViVOtech is providing the underlying technology, including the NFC wallet, the Over-the-Air (OTA) card provisioning software, the smart posters and the mobile coupon application in addition to the contactless readers that participating merchants will use to accept payments. Vodafone is the mobile network operator for the pilot service. MasterCard will offer its MasterCard PayPass contactless payment and security infrastructure.
Citi Tap and Pay customers will use the new NFC-capable Nokia N 6212 classic phone, which they can purchase at designated Nokia stores, pre-loaded with the Citi Tap and Pay application enabled with MasterCard's PayPassTM contactless payments technology. They will then be able to securely execute an Over-The-Air (OTA) download of their Citibank MasterCard Credit card onto their mobile phone. Once personalized, their credit card on the phone is ready.
Customers can use the phones to make Tap and Pay transactions at locations displaying the Citi Tap and Pay and MasterCard PayPassTM acceptance marks. Citi Tap and Pay transactions are absolutely secure, and require a PIN validation that ensures complete peace of mind. In addition to the built-in security features, the contactless payment transactions will be automatically charged to a customer?s Citibank MasterCard card account through the same secure payment network that processes traditional credit card transactions.
