WATERLOO, ONTARIO--(Marketwire - January 16, 2013) - Research In Motion (RIM)
(NASDAQ: RIMM)(TSX: RIM) today announced that its Secure Element Manager (SEM)
solution for NFC (Near Field Communication) mobile payments has been approved by
Visa. RIM's SEM is the backend solution for carriers that can securely manage
credentials on SIM (subscriber identity module) cards installed in all types of
NFC-capable mobile devices.
Research In Motion describes its Secure Element Manager technology, or SEM,
as a way for networks to manage all types of mobile devices equipped for
close-range wireless payments, also known as near field communications or
NFC.
The EnStream joint venture owned by BCE's Bell (TSX:BCE), Rogers (TSX:RCI.B)
and Telus (TSX:T) has already begun to deploy mobile payments in Canada using
the RIM SEM technology.
"The approval from Visa of RIM's SEM solution is an important step in that it
will enable carriers to support Visa issuing banks and financial institutions,"
said Frank Maduri, a RIM senior director responsible for mobile payment
services.
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