By Aled Herbert, 8 February 2000 11:44
NEWS Visa and Nokia have announced a global initiative to introduce payment solutions for mobile ecommerce. As part of the deal, the two companies will develop a standardised method of making secure payments using a mobile phone based on WAP (Wireless Application Protocol) standards. The initiative will include the development of a mobile 'e-wallet' to allow simple click purchases Nokia will also establish a secure method of transmitting payment data over a wireless networks to financial institutions. Bruno Degiovanni, senior manager for new channels in Europe for Visa, said: "You can use it for remote payments and for face to face payments in shops." A pilot scheme will be run later this year with MeritaNordbanken in Finland and Sweden.
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