Intel has joined forces with Visa with the vision of simplifying mobile payment procedures for handsets as well as tablet devices running on its own chips.
In a joint statement both the companies announced that with this new deal owners of mobile devices powered by Intel chips will be able to make payment at retail stores by just waving their NFC (near field communication) equipped smartphones (or tablets) over payment counters. As a part of this new deal, Visa will be obliged to certify Intel's smartphone reference design to be compatible with its PayWave mobile payment application.
Though smartphones powered by Intel chips are yet to be made available in the consumer market, a number of leading handset makers in the world including Motorola, Lenovo, Orange and an Indian handset manufacturer- Lava are expected to come up with Intel based handsets soon.
The companies also explained that during the initial phase, the new payment system will be targeted specifically at Intel based smartphone reference design featuring the Arom Z2460 chip.
However, Intel also made it clear that the offering will be soon extended to other devices as well. Meanwhile, the Z2460 chips are soon going to be incorporated into tablet devices in offering from companies such as Vizio.
[Source: PC Advisor]