Toshiba offers a new solution for people who want to manage their finances through their mobile phones. The Universal SIM (USIM) cards unveiled by Toshiba supports the Near Field Communications (NFC) short wireless range that can be used in many wireless payments systems.

NFC technology embedded in mobile phones is being trialled by several operators, such as O2 with its Wallet programme, to offer a range of information, payment and travel options simply by touching the phone to a reader.

The USIM application runs as part of the SIM card, and stores user information as well as the usual SIM functions such as storing contact and message data. This provides a secure way for the verification and transmission of account details.

via Press