On February 15 2010, Visa Inc and DeviceFidelity Inc. announced plans to market an
solution that can enable a mobile phone with a memory card slot to be used as a Visa mobile
payment device. The solution combines Visa`s contactless payment technology, Visa payWave,
and DeviceFidelity`s In2PayTM technology to transform a mobile phone with a microSD
memory slot into a mobile contactless payment device [5].