Nokia and Nordea have launched a pilot project in Finland to test the use of mobile chip identification in the delivery of banking
services. The participants in the dual chip pilot have received a Nokia WAP mobile phone equipped with both a SIM card issued by the operator and a chip card issued by Nordea.
When customers want to use Nordea's banking and stock exchange services they log on and confirm orders by means of the chip card issued by Nordea. The WIM (Wireless Identity Module) included in the chip card makes it possible for users to identify themselves and supply digital signatures to confirm their transactions. Thus, there is no need for identification and confirmation list on paper, as at present.
"Nordea has long experience of electronic banking, and we are happy that we can draw on their expertise in joint projects to develop
practical and functional solutions for the payment of transactions by mobile phone. The dual chip concept being tested in the pilot is one
of those options for mobile payment which we are currently working on at Nokia and which we will support in our future products," said
Martti Granberg, Director, Nokia Mobile Phones.
"The chip issued by the bank ensures that banking and financial transactions will be handled even more securely than normal, while wireless identification will make it easier to use the service," says Bo Harald, head of Electronic Banking at Nordea. "The chips issued by
Nordea have undergone an extremely high level of safety certification, and the use of the WIM application will lead to very safe solutions because it uses chip-based secure identification and encryption. Dual chips will be increasingly useful in the future, when our customers begin to make larger purchases from wireless terminal devices. It also means that the phone bill needs to be differentiated from the purchases."