Sony, NXP Announce Mobile Wallet JV
Technology companies and mobile operators joined forces on Monday to plan a global standard for electronic wallets in mobile phones. Sony Corp. from Japan and Netherlands-based NXP Semiconductors said they will create a joint venture, to be established by the middle of next year, that will plan, develop, produce and market a secure chip that will include both companies’ contactless chip card formats: Mifare and FeliCa.