Gemalto, Tapit use NFC platform to simplify mobile payments | ZDNet
Summary
The platform, called Tapit and Buy, enables consumers to tap their smartphones against a Tapit-enabled poster or product packaging, before they are directed to an e-commerce site where they can carry out the purchase with a one-click confirmation. He added that the platform addresses a number of "friction points" that consumers often face when trying to make mobile purchases, including the need to search for products, open app stores, and provide credit card details at checkout. The collaboration will have an initial focus on the UK for transactions worth up to £30 for digital content such as e-publications, videos, music, and games. This assurance comes following leaked documents by former National Security Agency (NSA) contractor Edward Snowden, revealing that US and UK spies had hacked Gemalto, the worlds largest mobile SIM card manufacturer, and stolen encryption keys to eavesdrop on mobile phone conversations around the world. On the other end of the spectrum is Tapit, with the partnership with Gemalto marking another step in the companys efforts to grow its footprint.
Classifications
AskAI Classifications
LabelsLinked Companies
