News Burst: Ericsson, Visa to drive mobile e-commerce

Technology will allow secure payments, purchasing over mobile phones

Ericsson and Visa have entered into a strategic relationship to drive mobile e-commerce.

Under a memorandum of understanding the two companies have agreed to develop secure payment solutions for purchasing goods over mobile networks. In an attempt to promote mobile e-commerce the partnership will work to drive open standards for wireless payment transactions.

The first major area of cooperation will be in developing a mobile payment solution using Ericsson's Bluetooth-enabled wireless wallet.

Full story to follow.