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Coming soon: Paying for stuff on Visa by waving your iPhone

You've probably seen contactless payment terminals before. They're used in many stores, restaurants, and other locations, with either a smart credit card containing a secure memory card or some sort of fob being used to make the payment. You just wave it at the terminal, and you've paid your bill.

Visa and DeviceFidelity are working on a way to let iPhone users make payments by waving their iPhones in front of contactless payment terminals. They'll be offering an iPhone case with an embedded secure memory card that hosts Visa's payment application, Visa payWave.

Any place you find a Visa contactless payment terminal, there will also be a potential spot for iPhone users to pay for goods or services using their Visa credit card account. Security is still important: Visa notes that the mobile payment application can be protected with a password, and that users will have to treat the case as if it were a credit card, calling the bank if it gets lost or stolen.

Market trials of this service are expected to start this summer. It's an interesting proposal, but we'll have to see what the case looks like. And of course it's only for Visa customers so far -- customers of other card companies will have to figure out their own solutions.

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You've probably seen contactless payment terminals before. They're used in many stores, restaurants, and other locations, with either a...
 

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Roger Wilco

Cool. I understand that the same technology can be adapted to use your iPhone as a drivers' license. Just tape your license to the back of the iPhone and when you need id, show the back of your phone.

May 06 2010 at 1:01 AM Report abuse rate up rate down Reply
Peter Harrison

In the UK, Tesco have an app that allows you to do a similar thing for getting points onto your Tesco Clubcard. You can't make payments though like this article hints at, but it's similar I guess. In Tesco, if you have a clubcard you can get points put onto it whenever you make purchases and each year there are rewards (vouchers, special offers etc) based on how many points you have. Instead of pulling out yet another card, you can just swing for iPhone by the terminal and that's it done. I really like it, but it would be even better if I could make the payment at the same time this way. Hope it eventually takes off.

May 05 2010 at 3:35 PM Report abuse rate up rate down Reply
Buzz

Are we sure that B Parker's Visa number has for sure been retired, not updated to a new expiration date?

May 05 2010 at 2:30 PM Report abuse rate up rate down Reply
Buzz

Not a bad idea at all. A Visa card you can access wirelessly and switch OFF if it is stolen.

May 05 2010 at 2:28 PM Report abuse rate up rate down Reply
philasan

Case?! While the premise of lightening my wallet sounds great... adding the extra bulk to the back of the iPhone negates it's usefulness. And if they HAVE to use an add on chip, can't they just make a little sticker that sticks to the back of your iphone or something?

May 05 2010 at 12:36 PM Report abuse rate up rate down Reply
jakatak

This will never take. Your not paying with your iPhone. Your paying with a chip in your case. You might as well pay with a chip in your credit card like we already do. What a joke. Once again old school people trying to thing a new way.

May 05 2010 at 11:24 AM Report abuse rate up rate down Reply
Pixelmatsch

Coming soon: Functions native to Japanese phones for many years! As an iPhone case!

If this doesn't have any form of confirmation in the phone software I could just use a RFID credit card, so what's the point? (I mean besides the convenience of possibly losing two important items at once...)

May 05 2010 at 11:21 AM Report abuse rate up rate down Reply
jbrown510

Aside from TUAW's tabloid quality titles... THIS IS LAME.

Serliously... why wouldn't I just TAPE my Visa card to the back of my iPhone? Duck tape anyone? Until this works without additional hardware (case) it pointless... Why wouldn't I just wave my card!

Hey I've got an idea they could create a laptop case and them I could just wave my laptop and pay for things... Or maybe a USB dongle for my desktop computer although that'd probably need to be plugged in so they'd need to include a really long power cord.

May 05 2010 at 11:19 AM Report abuse rate up rate down Reply
Nick Fogelson

yeah this is ridiculous. I can do with with my AMEX right now. I could just put the card on the back of my iPhone and have the same thing.

May 05 2010 at 11:12 AM Report abuse rate up rate down Reply
Jack Chance

Seriously Steven?

This title is pure bullshit.

It should be

"iPhone case with RFID chip for contactless payment in development"

but of course accurate titles wouldn't generate as many hits, would they?

May 05 2010 at 10:54 AM Report abuse rate up rate down Reply
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