Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.05

-1.1%

3:59 PM EST

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To: SpudFarmer who wrote (50787)	11/17/1999 9:08:00 PM
From: Boplicity	Read Replies (2) of 152472

Ericsson,Visa to develop mobile payment systems STOCKHOLM, Nov 17 (Reuters) - Swedish telecoms equipment maker Ericsson <LMEb.ST> and credit card company Visa International have signed a deal to develop secure payments over the Internet via a mobile terminal, Ericsson said on Wednesday. The two companies will develop a payment solution for mobile electronic commerce using Ericsson's Bluetooth wireless wallet. A smart card can be inserted into the wireless wallet, which can then connect to mobile devices through Bluetooth technology -- where devices can communicate by short range radio frequency rather than cables. The service will allow customers to buy cinema tickets over the Internet using WAP (Wireless Application Protocol) technology-based mobile phones, which are currently being launched. Ericsson shares were up 6.5 crowns at 391.5 crowns in a positive market.

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