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  • Credit Cards Go Wireless on DoCoMo Felica Handsets

    Credit Cards Go Wireless on DoCoMo Felica HandsetsImpulse credit card purchases are set to take a frighteningly mobile turn in Japan after NTT DoCoMo and the Sumitomo Mitsui Financial Group ended several days of speculation to formally announce a strategic business and capital alliance to bring credit card payments onto DoCoMo’s Felica IC-equipped handsets. DoCoMo plans to invest nearly 100 billion yen in the venture, acquiring 34 percent of Sumitomo Mitsui Card’s (SMC) common shares for approximately 98 billion yen (over $942 million), including new shares to be issued by SMC. The technology will be enable users to swipe their Felica handset in front of a code reader and confirm credit card purchases automatically. No definite rollout date was given.

    Sure, it’ll be convenient — but is it secure?

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    Posted: 27 April 2005 | Filed: New Tech & Services, Viewpoint | Feedback | Print |
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