Despite fears that internet & phone service me be weak during the London 2012 Games, internet-based technology is still driving forward. Visa and Samsung (both Olympic & Paralympic Games sponsors) revealed today the official mobile payment application for the 2012 Games. The application “enables consumers to make payments through the phone in front of a contactless reader at the point of purchase, while purchase above GBP15 will require a pass code.” It is based on Visa’s payWave technology. The companies added that the application is backed by Visa’s multi-layered security. The application even allows customers to check their payment history and their account balance. This will be a great help to foreign visitors that are not used to dealing in the strong Pound (GBP).Aside from security concerns, the other major question is whether this form of payment processing will put even more strain on the already questionable network bandwidth. Visa is planning to install more than 3,000 terminals across the venues to accommodate this new payment process. This new technology paired with mobile traffic by fans from more than 200 countries will likely take a toll on the internet service. Experts anticipate bouts of slower service and occasional internet drops during high-traffic times.
Showcasing this technology partnership at one of the biggest sporting events in the world was a strategic move on Visa and Samsung’s part. During those two weeks, the Games will be the focal point of the world. 3,000 terminals will attract the attention of fans and media alike. Obviously this type of grand unveil carries with it great risk; however barring a disastrous hacking incident or great internet crash, it will likely prove a worthwhile endeavor. Ref. html5.tmcnet.com, projectbritain.com, sport.tmcnet.com Pic. Ref. androidguys.com, logostage.com
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