Another mobile payments deal… Sony (NYSE: SNE) and NXP Semiconductors have set up a joint venture called Moversa to develop a chip which will include both companies contactless payments formats — Mifare and FeliCa. Moversa will have a total capitalization of $28 million, with Sony and NXP hold half the company each. This has been in the works for a fair while, and back in April the two companies got a whole lot of big mobile companies to sign onto the standard, including handset makers Nokia, (NYSE: NOK) Samsung and LG (SEO: 066570) and more than 20 major telcos around the world. “First samples of the secure chip will be available by mid-2008 for solutions embedded in mobile phones. Initial commercial deployments are targeted for the end of next year,” reports Reuters.
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