Research In Motion is today launching its first mobile wallet application in partnership with Turkish communications and technology company Turkcell. The NFC mobile wallet application, the Turkcell Cep-T Cuzdan, is now available to consumers in stores around Turkey. The application is compatible with the BlackBerry Bold 9900 smartphone and allows users to make payments by simply tapping or waving the NFC-enabled mobile device against a MasterCard PayPass terminal. The technology can be used in retail and food outlets around Turkey as well as abroad. Transactions of up to 35TL (c. £12.50) can be made without pin or signature for authorisation whilst transactions above that amount require a pin or signature for confirmation. According to Cenk Bayrakdar, Deputy General Manager at Turkcell, “The Turkcell Cep-T Cuzdan application for the Blackberry Bold 9900 opens up a new era of shopping, enabling simple, secure and convenient mobile payments at approximately 60,000 contactless points of sale (PoS) across Turkey.”
To set up the service, customers need to insert a new NFC-enabled SIM into their Blackberry device and download the free Tukcell Cep-T Cuzdan application. The customer’s Mastercard details then need to be registered with Turkcell.
The BlackBerry Bold 9900 and BlackBerry Curve 9360 are the first smartphones to receive MasterCard PayPass handset certification for secure NFC payments. The BlackBerry Bold 9900, BlackBerry Bold 9790, BlackBerry Curve 9380 and BlackBerry Curve 9360 are all compliant with Visa payment products.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
