"The trial involves 160 staff at ING Bank in Paris, who’ve been given Galaxy SIII handsets and a PayPass account to play with."
The Paypass/NFC combo allows the user to use their phone to secure their online transaction by scanning a QR code on the website then entering a PIN code into the phone.
Transactions are the classified as card-present
See these stories from proper journalists below:
Register – â€Ž18 minutes agoâ€Ž
Mastercard has started trials of online payments using the secure element in an NFC handset in France, and it looks like it could quickly become the standard way to buy stuff on the internet. The trial involves 160 staff at ING Bank in Paris, who’ve been given …
Wall Street Journal (blog) – â€Ž1 hour agoâ€Ž
By Nick Clayton. MasterCard and the Dutch banking group ING are testing a payments system that takes advantage of the secure element in NFC smartphones, without using the NFC short-range communications technology itself. The trial is based around the …
Computerworld – â€Ž15 hours agoâ€Ž
IDG News Service – MasterCard is testing new ways to make online transactions more secure with its PayPass application and a mobile phone, including using QR codes to secure the transactions. The card company is cooperating with Dutch bank ING Group …