Logomotion launches mobile contactless payment card

NFC micro SD memory card

Mobile payment solution provider, Logomotion, is launching a mobile contactless payment card for banks (view press release). Banks will be able to offer mobile contactless payment capabilities to customers through existing handsets, with the insertion of Logomotion’s NFC micro SD memory card. Logomotion’s LGM card has been designed to support all open payment schemes, such as MasterCard PayPass, enabling issuing banks to transfer their existing personalised card products to the mobile contactless environment. This also ensures mobile contactless payments made with LGM Card will be accepted at standard contactless POS terminals globally.

From the beginning, we knew that for mobile payments, consumers trust banks the most. Also, banks want a fast and secure solution for payment with mobile phones,” said Dave Riffelmacher, CEO, Logomotion. “With LGM Card, banks can drive adoption and regular mobile payment use in the mass market. LGM Card removes the technical and business barriers that have prevented banks from turning this opportunity into a commercial reality. With LGM Card, any customer with a phone armed with a microSD card slot can perform mobile contactless payments. It really is that simple.”

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