Whirlwind and South Korea SK C&C married to promote NFC wallet

POS manufacturer Whirlwind and South Korean IT company SK C&C announced a partnership to develop a mobile wallet solution for "several mobile operators."

"Our cooperation with Whirlwind will enable mobile operators to quickly and easily deploy mobile trading services," said Jin Yuxi, vice president of SK C&C's mobile commerce division.

SK C&C is using and deploying the Wilhelm Paymedia OpenAPI common interface standard to manage the information exchange between the mobile wallet and the merchant acceptance terminal. “Providing value-added wallet data, such as data provision, coupons, loyalty programs, without destroying traditional transactions. In the case of the method, the payment acceptance can be seamlessly connected through the merchant's system."

"Mobile operators are eager to deploy point-to-point wallet solutions, but need standardized interfaces and technology platforms to manage complex advanced value-added wallet applications, both from a user perspective and from a merchant perspective," said Paul Rasori, senior vice president of marketing at Whirlwind. "Wilfon's payment solutions and services are widely available globally, and together with our Paymedia Mobile Marketing Platform, will provide a good management solution for SK C&C's wallet infrastructure."

The solution deploys peer-to-peer communication involving one of NFC's three major applications, allowing active information interaction between consumers and merchants' payment devices.

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