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you can see on here: http://lhaini.com/blog/bbm-money-di-...hing-hari-ini/ (please someone translate this to english) thank you :)
Download here for the app: http://appworld.blackberry.com/webstore/content/136053 (i dont know in others country able to download)
Sent from my BlackBerry 9790 using CrackBerry.com apps
Great and while BBRY makes this cute, kind of cool little in road, Samsung partners with Visa in a move that will exponentially trump this one. BBRY is not capitalizing on what is really important or QNX or anything else that will have a serious impact. They are thinking and acting small and may be punished for this in the long run.
The companies on Monday said that many new Samsung phones would incorporate Visa’s payments software, called payWave. The software will come preloaded on all Samsung phones that have near-field communications technology, which allows users to tap their phones against a payment terminal to exchange information. Samsung’s popular Galaxy smartphones include near-field capabilities. Teri Daley, a Samsung spokeswoman, said Samsung’s next Galaxy smartphone, the Galaxy S IV, would be introduced March 14. With this technology in place, the Visa payments app could potentially replace a customer’s Visa card. Outside companies, like retailers, could also choose to build the payment system into their apps.
Visa Teams Up With Samsung on Mobile Payments - NYTimes.com
You know BlackBerry is providing the backend for Visa, right?
Posted via CB10
The 9900, 9700, 9360, 9380 and Galaxy SII have been VISA payWave certified for months. This isn't exactly big news.
I'm indonesian.. I've watch the video but I can't see that bbm was involved in the process... bbm money only use phone number, bank account, and bbm money account.. so it's just similar too other e-money program but using blackberry phones and app.. please correct me if I'm wrong.. I don't want too kill the hype.. coz that's a good feature from blackberry but I read some comments that think that bbm money uses bbm contact.. wich is not.. in my understanding...
No but please tell me what BBRY gets in $$ for that and how this alliance isn't a net negative for BBRY.
This could be the backend system Sqoon was referring to? A snippet from the article just a month ago..full link below.
“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,” said Frank Maduri, Senior Director, NFC Services and TSM Product Management at RIM. “We now offer carriers a robust solution with around-the-clock global support that works on any NFC-capable device, and meets the stringent technology and usability guidelines for Visa.”
“RIM’s success in gaining Visa’s formal approval as secure element manager is a crucial step in expanding RIM’s role as a key security partner for mobile payment solutions around the globe,” said Andy Castonguay, Principal Analyst, at Informa Telecoms & Media. “RIM’s secure network operations center provides a unique combination of global geographic reach, and has established trusted relationships with hundreds of carriers around the world with an unparalleled reputation for security, which sets RIM apart as an SEM partner in the growing mobile payments space.”
RIM Receives Approval from Visa for Mobile Payment Solution -
Also found this article after doing more googling....
VISA NFC Mobile Payment
Visa NFC mobile payment
This article does a really nice job explaining how BBs SEM works:
Secure Mobile Payments Using Near Field Communication and BlackBerry Smartphones �Inside BlackBerry for Business Blog
Did you know that both VISA and MasterCard have certified BlackBerry smartphones with NFC capabilities to be used for mobile payments?
Over the last couple of years, NFC technology has become increasingly popular in smartphones. Recent blog posts on the Inside BlackBerry for Business blog have shown that NFC-enabled devices can be used for a wide range of tasks, including access to your workplace and paying for your morning coffee. NFC has enabled many of us to see our BlackBerry smartphone as not only an important communications tool, but also as an efficient, contactless payment tool. When considering the use of a smartphone for mobile payments security is a major factor.
If you�re interested in learning more about some of the security features embedded in your BlackBerry smartphone when using it as a mobile payment solution, here are the details � straight from the BlackBerry experts!
According to our BlackBerry Security Certification Manager, Nayef Khan, �One major concern customers have when making mobile payments is security. A lot of focus in the mobile industry is put on the security of the �payment tap� process and overall device security. However, what�s often overlooked is how a credit card�s information travels directly to a smartphone, and how that overall data transmission process is secured.� In the NFC industry the systems that get your credit card data securely onto the device are called Trusted Service Managers (TSM). They are a key part of making NFC payments secure. BlackBerry is actively working on TSM functionality. The certification of BlackBerry as a VISA approved Trusted Service Manager (TSM) proves that the world�s top banking organizations recognize the high level of BlackBerry security standards.
So what are Trusted Service Managers (TSMs)?
A TSM is a cloud-based service that creates a secure communication channel between your NFC-enabled smartphone and the financial institution�s payment tool. The BlackBerry solution is designed to create a secure location within a ,secure container called a �Secure Element.� This secure storage area on an NFC-enabled smartphone enables financial institutions to store the sensitive payment information directly within the smartphone.
Our implementation of the TSM is known in the mobile payments industry as a �Secure Element Manager� (SEM). The SEM is responsible for managing space on a Secure Element. SEM also grants access to this secure space to mobile network operators or issuers of credit cards (know as Service Provider TSM or SP-TSM). Through the infrastructure that our SEM provides, SP-TSMs will have a single secure gateway allowing them to support any customer with an NFC-enabled smartphone that wants to enable a �mobile wallet� application. While the provisioning of credit card information is left to the SP-TSMs, the SEM allows for them to make a secure connection to the Secure Element. This arrangement also makes our solution highly scalable � new issuers can be on-boarded quickly.
Can you clarify what a secure element is, exactly?
As an analogy, think of the Secure Element as an apartment building. The manager of the apartment building (BlackBerry) allows each individual apartment (location for issuers and application providers) to be unlocked by a unique key. New tenants (issuers and application providers) can move in as soon as they are approved by the manager and provided with the key.
Visa�s approval of the BlackBerry SEM shows that we have been able to meet the rigorous standards that are expected in the financial industry. Over the years, BlackBerry has been associated with strong security and we are using our experience to build a secure foundation in this new domain.
Securing the �payment tap�
We have talked about how we secure the transmission and storage of sensitive information. In order to provide end-to-end security for a mobile payment transaction, the payment process also needs to be secure. Ever since BlackBerry launched NFC-capable smartphones, we have been working with the financial industry and credit card companies to certify our devices for use of mobile payments. The BlackBerry Curve 9360 and BlackBerry Bold 9900 were among the first smartphones to be certified by MasterCard and Visa for NFC-based mobile payments.
These certifications were granted on the basis of the BlackBerry smartphones meeting the functionality, interoperability and security requirements of MasterCard and Visa. The process includes extensive technical, security, and usability testing. This helps to ensure reliable and secure transactions which are compatible with the global standard for chip-enabled payments. With these certifications, any MasterCard PayPass or Visa payWave issuing bank globally will be able to deploy accounts to the SIM card of these smartphones.
Currently, all NFC-enabled BlackBerry devices in market have received the necessary payments certification. We have also done some great work with our brand new BlackBerry 10 platform. Looking at the device and back-end certifications in unison, BlackBerry is undeniably at the center of NFC innovation. The tools and security are available; we expect wireless carriers and financial institutions to pursue mobile payment solutions using BlackBerry smartphones in the near future � and some have already been implemented.
Credit card transactions thru NFC tech and BBM money transfer piloted in Indonesia all being polished before the US launch, I believe. It would be interesting to see who else comes aboard with BBRY once the US launch is executed. I read in another article that BBM money transfer could disrupt Western Union, Moneygram, Paypal and other services alike. We shall see.
Two great news today in mobile commerce yet the usual mainstream bashers who propagates the news efficiently chose the "DOD opening its networks news " and push it out the media outlets.