Secured by Wireless Application Protocol and Chipcard Technology Nokia demonstrates the first phase results of payment solutions for mobile electronic commerce developed with Visa, the world's largest consumer payments organization, and MeritaNordbanken, the largest Internet and Mobile banking and commerce provider in Europe. The local payment system effortlessly combines local connectivity with chip card payment technology, providing a reliable, secure method of purchase by authenticating both the user and the merchant. Mobile handsets are transforming into multipurpose tools, enabling users to make calls, connect to the Internet and make purchases, with the added benefit of knowing their payments are authenticated and secure.
Security is one of the most important benefits of mobile electronic commerce.
Nokia's WAP compliant security solution, featuring strong user authentication and digital signature enables service providers and financial institutions to offer secure, mobile transactions to their customers.