Multi-device, multi-year agreement to develop mobile commerce
solutions for smartphones and tablets; Intel Smartphone Reference Device
certified for use with Visa payWave

27/02/2012 — BARCELONA, Spain — (BUSINESS WIRE)

Visa Inc. (NYSE:V) and Intel Corporation today announced a strategic
agreement to develop mobile commerce solutions tailored to consumers in
developed and developing countries. During a press
conference at Mobile World Congress in Barcelona, the companies
outlined plans to collaborate to ensure consumers enjoy a consistent,
streamlined, secure mobile commerce experience across Intel® Atom™-based
smartphones and tablets.

“Visa’s agreement with Intel paves the way for financial institutions
around the globe to offer their account holders mobile payments and
financial services using innovative mobile devices and technologies
designed by Intel,” said John Partridge, President, Visa Inc. during the
press conference. “This is another example of how Visa is making mobile
payments broadly available across devices and operating systems and is
ensuring that mobile commerce applications are aligned with existing
technology and security standards established by the global payments
industry.”

The initial phase of the agreement between Visa and Intel includes:

• Visa has certified Intel’s Smartphone Reference Device powered by the
  Intel® Atom™ processor Z2460 for use with Visa payWave, Visa’s mobile
  payment technology that enables consumers to make fast and secure
  payments at retail locations by simply waving their mobile phone in
  front of a payment terminal. This will enable turn-key implementation
  for OEMs delivering NFC-enabled smartphones.
• The Intel Smartphone Reference Device will host the Visa payWave
  payment application and features NFC (Near Field Communication)
  technology, the short range communications standard that enables
  mobile phones to securely transmit payment information to a payment
  terminal.
• When used in combination with a Visa-compliant UICC, smartphones based
  on the Intel Smartphone Reference Device handset can be enabled to
  connect to Visa Inc.’s mobile provisioning service providing financial
  institutions and mobile operators the means to securely download Visa
  payment account information and the Visa payWave application “over the
  air” to a secure chip on an NFC-equipped smartphone. The connection to
  Visa’s mobile provisioning service can be enabled by a Trusted
  Services Management platform, such as Giesecke
  & Devrient’s (G&D) platform.

“Intel’s strategy is to enable more secure and compelling user
experiences across a range of Intel-based mobile devices. Our alliance
with Visa builds on this strategy and brings worldwide mobile payment
and commerce solutions to Intel-based devices,” said Mike Bell, Intel
Vice President and General Manager of the company’s Mobile and
Communications Group. “Our work with Visa also extends to our customers
designing products based on Intel’s Smartphone Reference Device.”

The agreement combines Visa’s expertise in payment processing, account
holder authentication and global network reach, with Intel’s expertise
and leadership in developing innovative technologies that serve as the
foundation for the world’s computing devices.

At Mobile World Congress in Barcelona, from February 27^th to
March 1st, the companies will showcase Visa mobile services on the new
Intel mobile device, including V.me by Visa, Visa’s new digital wallet
service featuring the Visa payWave application; Movida, Visa’s new
payment service in India; and Visa Mobile Prepaid, Visa’s new
mobile-based product tailored to consumers in developing countries.
Product demonstrations will be on display at Visa’s booth in Hall 1,
stand 1B19, and Intel’s booth in Hall 8, stand B192.

About Visa Inc.:

Visa is a global payments technology company that connects consumers,
businesses, financial institutions and governments in more than 200
countries and territories to fast, secure and reliable digital currency.
Underpinning digital currency is one of the world’s most advanced
processing networks—VisaNet—that is capable of handling more than 20,000
transaction messages a second, with fraud protection for consumers and
guaranteed payment for merchants. Visa is not a bank, and does not issue
cards, extend credit or set rates and fees for consumers. Visa’s
innovations, however, enable its financial institution customers to
offer consumers more choices: Pay now with debit, ahead of time with
prepaid or later with credit products. For more information, visit www.corporate.visa.com.

About Intel:

Intel (NASDAQ:INTC) is a world leader in computing innovation. The
company designs and builds the essential technologies that serve as the
foundation for the world’s computing devices. Additional information
about Intel is available at newsroom.intel.com
and blogs.intel.com.

CONTACT:

Contacts, Press & Analysts Only:
Visa Inc.
Elvira
Swanson, +1-415-932-2564 or +1-650-504-4537 (Mobile)
globalmedia@visa.com
or
Intel
Corporation
Claudine Mangano, +1-408-765-0146 or +1-408-887-2706
(Mobile)
claudine.a.mangano@intel.com

KEYWORDS: United States Europe North America California Spain

INDUSTRY KEYWORDS: Technology Consumer Electronics Hardware Networks Software Telecommunications Professional Services Finance

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