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Visa, Samsung sign global alliance agreement to accelerate mobile payments

Visa (V) and Samsung (SSNLF) announced a global alliance that combines Visa’s expertise in payments with Samsung’s leadership in mobile device technology.According to the agreement, financial institutions that are planning to launch mobile payment programs will be able to use the Visa Mobile Provisioning Service to securely download payment account information to NFC-enabled Samsung devices. In addition, Samsung has agreed to load the Visa payWave applet onto its mobile devices featuring NFC technology.