Samsung Galaxy S3 mobile payments go live at Olympics 2012: Photos

Samsung Galaxy S3 mobile payments go live at Olympics 2012: Photos

Summary: Visa and Samsung test out near-field communications for mobile payments with athletes at the London Olympics

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  • Galaxy S3 at the contactless terminal

    To make a mobile payment, the user holds the S3 smartphone close to a contactless payment terminal. Purchases costing more than £20 require a passcode.

    There are about 3,000 contactless point-of-sale devices and 350 contactless vending machines around the Olympic site.

  • Samsung S3's near-field communication capabilities

    The Samsung Galaxy S3 is one of the few smartphones that currently incorporates near-field communication, or NFC, capabilities.

    Visa said in January that payWave is certified for use on NFC-enabled smartphones from Samsung, LG and RIM. Models include the Samsung Galaxy S2 and S3, LG Optimus NET NFC, BlackBerry Bold 9900 and 9790, and the BlackBerry Curve 9360 and 9380.

  • Market for contactless payments

    The market for contactless payments using credit cards is small, even though there are about 140,000 contactless terminals in the UK. And the usage of NFC smartphones to make purchases is low as there are only a handful of phones that actually offer the technology.

    But mobile operators, banks and credit card firms know that — eventually — contactless and mobile payments will be a huge market, and all are keen to grab their share, which is why there are so many trials, all designed to kick-start consumer interest.

    Mobile operator O2 recently unveiled its O2 wallet service with retailers including Debenhams, Comet and Sainsbury's signing up to accept payments.

    Barclaycard has demonstrated PayTag, which is effectively a miniature credit card it hopes customers will stick on the back of their mobile phones to make contactless payments. Barclays also has its Pingit application, which allows users to make payments to anyone who owns a mobile phone in the UK.

    Google Wallet is another option, although it's currently US-only.

Topics: Olympics 2012, Mobility, Samsung

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2 comments
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  • WOW how effecient is this??

    I want a Coke. It is 2 buck (or whatever they call it in England). I reach into my wallet and give the nice lady a 5. Her terminal says to give me back 3 buck. She hands be the drink and change. DONE. Total time... 2 minutes if we chit chat a little and she is as confused as she looks but it is done in 2 minutes.
    Now it seems that just waving my phone over the terminal thingy, it would be simplier. Wrong, Just think, she has to ring up the purchase, (same time as before), You dig in your phone out of your pants, purse or what ever, you have to enter the unlock pin... you hunt for the payment icon.... waiting.... found it.... press it.... it needs a user validation .... wait... ok to wave the phone ... wave it but not close enough.... to close this time... wait... got it.. Now the confused cashier has to acknowledge the payment on her terminal but...it has timed out on the transaction.. call manager.. ok I might be exagerating but... all this in under 2 minutes. I doubt it.
    davidmpaul
    • I agree - we do not need those credit/debit cards...

      We all should be using cash - it is faster to get it out of the pocket and it is easier to authorize a payment. :-):-):-)
      Solid Water