Visa today approved a backend solution developed by Research in Motion that enables secure Near Field Communication mobile payments.
RIM stock closed at $11.79 last Thursday. The recent gains take RIM stock above $15 for the first time since last February.
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Finally something to do with NFC
EnStream, a joint venture between RIM, service providers Rogers, Bell and Telus and the Canadian Imperial Bank of Commerce, recently launch a mobile device ‘tap-an-go’ program that allows BlackBerry users to securely pay for products using their smart phones.
Despite having been in use in Asia and Europe for nearly a decade now, mobile payment has yet to catch up in Canada. Among the key hurdles are a lack of NFC-enabled devices and consumer confidence in the technology.
Recognition from a leading credit card company such as Visa could help a long way in convincing more consumers that NFC-based mobile payment is secure.
The bot threat
Some of the most serious threats networks face today are "bots," remotely controlled robotic programs that strike in many different ways and deliver destructive payloads, self propagating to infect more and more systems and eventually forming a "botnet."