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Visa Inc. (NYSE:V), the world’s largest retail electronic payments network, and Nokia (NYSE:NOK), the world’s largest mobile device manufacturer, announced plans today to deliver Visa payment and payment-related services – including contactless payments, remote payments, money transfer, alerts and notifications – for Nokia’s next generation handsets beginning with the Nokia 6212 Classic, expected to be available starting October 2008.
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The Visa applications will first be made available for trial use by interested financial institutions and will allow consumers with the Nokia 6212 classic and a relationship with a participating Visa issuing bank to use their Visa account to pay for goods and services; initiate mobile money transfers to other individuals with Visa accounts; receive near real-time notifications of activity on their Visa account; and “opt in” to receive offers and discounts from merchants.