Visa and Telekom Austria introduce NFC based credit card

The Telekom Austria Group reported that its mobile subsidiary mobilkom austria has partnered with Visa Europe and its wholly-owned A1 Bank to introduce a co-branded credit card for Austrian customers that among other things includes mobile services.

The A1 Visa Card combines the features of a conventional Visa Classic Card with special mobile services such as A1 loyalty points, transaction confirmation by text message for more security, paybox (the Austrian mobile cashless payment system) and a mobile insurance package.

Based on the new generation of NFC-capable handsets, the A1 Visa Card is also intended to eventually function as a contactless payment tool via the mobile phone.