Payment with a wave of your phone: pricelesss.Nokia Nokia (nō`kēä), town (1996 pop. 26,326), Western Finland prov., SW Finland, on Lake Näsijärvi. It is an industrial community where wood and rubber products are manufactured. and MasterCard are teaming up to create a mobile phone you can use as a credit card. If you've used a Mobil SpeedPass card, you have a good idea what Nokia and MasterCard have in mind. The phone will come with a MasterCard PayPass chip programmed with the user's account information. When the user taps or waves his phone over a PayPass reader, the account info is automatically transmitted to the terminal and processed just like any other MasterCard transaction. For retailers, Nokia and MasterCard are including the ability to send ads and special offers to the phones via Short Message Service (SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. ); they'll eventually upgrade this to Multi-media Message Service (MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. ) for ads with audio and video. Nokia and MasterCard haven't described their security, but current technology allows a mobile carrier to remotely disable To turn off; deactivate. See disabled. a stolen phone and locate it via GPS. http://www.nokia.com; http://www.mastercard.com |
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