Nokia today announced its collaboration with IBM, Luottokunta and Radiolinja to jointly pilot convenient, easy-to-use and secure credit card payments by using a mobile phone wallet application. With this pilot, the parties want to demonstrate their commitment to the mobile wallet concept and WIM (Wireless Identity Module) technology.
The objective of this collaboration with IBM, Luottokunta and Radiolinja is to demonstrate how consumers are able to make convenient and secure mobile transactions by using the wallet for transferring payments and loyalty program information, and WIM for making non-repudiated transactions. Nokia will provide the pilot phones with the wallet application and WIM functionality support including a GSM SIM/WIM card issued by Radiolinja. The chip card will adhere to the WAP Forum WIM specifications and support standardized mobile public key functionality offering digital signature capability.
Luottokunta will provide Digital POS (point of sale) service for merchants. In the pilot service implementation, Luottokunta's Digital POS will be able to validate Radiolinja's WPKI (Wireless Public Key Infrastructure) signatures and certificates simultaneously with credit card payment authorizations that are received from the WAP stores via Internet. Luottokunta's Digital POS was developed together with IBM Finland. IBM, having a 30% market share of the Internet market places, will provide the payment infrastructure consisting of WebSphere Commerce Suite and WebSphere Payment Manager. IBM will also act as the systems integrator in the pilot. Radiolinja, as a network operator and trusted 3rd party, will provide the GSM SIM/WIM chip cards and the certificate database.
The parties are in the process of choosing suitable merchants for the pilot, which will start in the fourth quarter of 2001 in Finland. The pilot is an example of the tendency towards development of end-to-end solutions done in collaboration with various parties, such as operators, banks, infrastructure vendors and handset manufactures that support the same technologies to build serviceable mobile market places.
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