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Discover Network and Motorola Announce Mobile Payment Trial

Trial allows Discover Card members to make purchases and manage credit card accounts using mobile phones

Feb 15, 2007 10:47 GMT  ·  By
  

Discover Financial Services, a business unit of Morgan Stanley, and Motorola announced the launch of a mobile payment account management trial. The trial enables participants to check their Discover Card account balances, review payment history, and make purchases using their mobile phones.

The pilot project is being conducted by Discover Network, a division of Discover Financial Services, and Motorola, and involves up to 1,000 participants with Discover Card accounts and multiple merchants in the Chicago and Salt Lake City areas. The pilot uses Motorola phones and its "M-Wallet" software, with Motorola's system integration and hosting services enabling the solution. It is designed to test the entire infrastructure associated with accessing real time account information over the air, as well as the use of near field communications (NFC) technology, which is required for consumers to make payments using their cellular devices.

Discover Network's contactless platform, combined with Motorola's "M-Wallet" software solution, allows cardholders to download any of their Discover Card accounts to their cellular device. Once the software is downloaded, participants can check credit card balances, review payment history, and receive statements and rewards information.

The Motorola M-Wallet solution enables high-speed, secure financial transactions via NFC mobile phones in CDMA and GSM technologies. Key solution features include an easy to use "virtual wallet" interface and the flexibility to accommodate a variety of functions, such as bill payments, mobile banking, couponing, person-to-person transactions, stored value cards, ticketing, and point of sale transactions.

NFC is a new, short-range wireless connectivity technology that evolved from a combination of existing contactless identification and interconnection technologies. Products with built-in NFC will dramatically simplify the way consumer devices interact with one another, helping people speed connections, receive and share information and make fast and convenient payments.