VeriFone, a division of Hewlett-Packard Company, today announced its Payment Roaming(TM) initiative to enable secure, mobile commerce through various network institutions regardless of the mobile device or payment appliance used.
Payment Roaming will ultimately allow anyone using any mobile device with Internet connectivity, such as a mobile phone, vending machine, set top box, or handheld computer like an HP Jornada(TM) or Palm(TM) handheld, to conduct payment. The consumer, using any electronic device that is Payment Roaming-enabled, can activate an eWallet remotely to make a purchase.
Activation of the eWallet initiates the Payment Roaming information exchange, which enables payment information to be shared between the consumer's eWallet and a commercial entity's network through which the transaction is initiated. With Payment Roaming customers will be able to use any Internet-enabled public or private appliance to access their eWallet hosted anywhere on the global Payment Roaming network.
Payment Roaming will be supported by an interconnected community including network operators and carriers, Internet service providers, device manufacturers, card associations, financial institutions, and VeriFone. Each community member will handle a transaction and then send it along to other members -- using advanced security protocols to ensure that payments are processed quickly, conveniently and securely.
VeriFone also announced today an agreement with Palm, Inc., the world's leading supplier of handheld computers, to payment-enable the Palm handhelds.
"VeriFone's Payment Roaming initiative addresses the needs of an evolving virtual e-payment landscape, which is now migrating to allow consumers to "Point and Pay" with personal devices like the popular Palm handhelds," said Stuart Taylor, director of business development and market strategy at VeriFone. "The next evolution of this, VeriFone's Payment Roaming, is the universal access to payment based on the interoperability of payment across all public or private devices that can support Internet connectivity. As a leader in global e-payment solutions, VeriFone is committed to creating this Payment Roaming community."
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