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The Almighty Buck

+ - Samsung And Visa To Offer Olympic Mobile Payments->

jhernik writes: Visitors to London for the Olympics will be able to use NFC-equipped mobile phones to buy snacks and drinks

Mobile giant Samsung and credit card company Visa are teaming up to offer mobile payment technology at the London 2012 Olympic and Paralympic Games.

The two companies will produce a special mobile handset ahead of the games, equipped with Near Field Communications (NFC) – a technology that can beam and receive information at a distance of up to 4 inches – and a Visa-enabled SIM card. The handsets will be distributed among Visa and Samsung sponsored athletes, and will also be available for consumers to purchase through mobile network operators and other distributors.

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Samsung And Visa To Offer Olympic Mobile Payments

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