Visa Certifies Samsung, LG, RIM Smartphones for payWave Mobile Payments

Payments technology company Visa has certified smartphones from Samsung, LG and Research in Motion to work with its mobile payments systems.

The company announced that certain smartphones from Samsung, RIM and LG will be able to support its point-of-sale mobile payments application Visa payWave.

The Samsung Galaxy S II, LG Optimus NET NFC, BlackBerry Bold 9900, BlackBerry Bold 9790, BlackBerry Curve 9360 and BlackBerry Curve 9380 have been certified by Visa. Visa said that certified smartphones will come pre-loaded with the Visa payWave application on a secure SIM and support Near Fields Communication technologies.

"This is an important step for Visa, its financial institution partners and the mobile industry," said Bill Gajda, Global Head of Mobile Product, Visa Inc.

"In addition to issuing plastic magnetic stripe or chip-enabled payment cards, financial institutions can now consider offering their account holders a way to transform their smartphones into fully functional mobile payment devices." he added.

The NFC mobile payments market is slowly picking up in the United States, with several financial services providers, wireless carries and internet companies like Google, planning to release their own mobile payments services this year.