RIM Gets Approval From Visa

Just in time for the imminent launch of BlackBerry 10, Research In Motion is announcing today that its mobile payment solution has been approved by Visa. Visa said its yes to RIM’s Secure Element Manager (SEM) solution for NFC mobile payments. In case you were wondering, RIM’s SEM will act as the back-end solution for carriers to securely manage credentials on SIM cards, which are installed in all types of NFC-capable mobile devices.

The news follows the confirmation that the four major carriers in the U.S., namely Verizon, AT&T, Sprint, and T-Mobile, will be bringing BlackBerry 10 to its customers. In Canada, Rogers, Bell, TELUS, Virgin Mobile, and SaskTel also alluded their support for RIM’s upcoming platform and mobile devices.

“The approval from Visa of RIM’s SEM solution is an important step in that it will enable carriers to support Visa issuing banks and financial institutions,” said Frank Maduri, Senior Director, NFC Services and TSM Product Management at RIM. “We now offer carriers a robust solution with around-the-clock global support that works on any NFC-capable device, and meets the stringent technology and usability guidelines for Visa.”

Gene Ryan Briones
Categories: Cellphones
Tags: BlackBerry 10, NFC, RIM, visa