RIM Receives Approval From Visa For Mobile Payment Solution

Research In Motion (RIM) has announced that its Secure Element Manager (SEM) solution for NFC (Near Field Communication) mobile payments has been approved by Visa. RIM’s SEM is the back-end solution for carriers that can securely manage credentials on SIM (subscriber identity module) cards installed in all types of NFC-capable mobile devices. According to the Senior Director of NFC Services and TSM Product Management at RIM, Frank Maduri, “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.”

[Via: Press Release]

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