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December 18, 2006
Citigroup, Mastercard, Cingular and Nokia team to pilot next generation mobile phone.
"tap & go(TM)" payment in New York City. Innovative Payment Trial to Use Near Field Communications Technology.
NEW YORK, NY - Citigroup, MasterCard Worldwide, Cingular Wireless and Nokia today announced a consumer technology trial of Near Field Communication (NFC)-enabled mobile phones with MasterCard PayPass(TM) contactless payment capability in New York City. The goal of this trial is to evaluate the speed and convenience that "tap and go" payments made through mobile phones can provide to Citi credit cards and Cingular customers in the New York City area. The trial is expected to run three to six months.
Pre-selected Citi MasterCard cardholders with Cingular Wireless accounts are participating in the trial and will receive Nokia NFC-enabled mobile phones with MasterCard PayPass payment functionality. MasterCard PayPass is a "contactless" payment program that provides consumers with a fast and convenient way to pay.
"As a leader in innovative products and services, Citigroup continually looks for ways to make the lives of our customers easier," said Amy Radin, Chief Innovation Officer, Global Consumer Group, Citigroup. "We are confident that mobile phone technology with contactless payment will appeal to our customers' increasing demands for speed, convenience and security."
Cingular Wireless is the largest wireless carrier in the United States. Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries. MasterCard develops and markets payment solutions and processes more than 16 billion payments each year. Nokia is a world leader in mobile communications.
|GlobalGiants.Com|
Edited & Posted by the Editor | 7:30 PM | Link to this Post
