RIM Receives Approval from Visa for Mobile Payment Solution

Wed Jan 16, 2013 7:30am EST

* Reuters is not responsible for the content in this press release.

  WATERLOO, ONTARIO, Jan 16 (MARKET WIRE) --
Research In Motion (RIM) (NASDAQ:RIMM)(TSX:RIM) today announced that its
Secure Element Manager (SEM) solution for NFC (Near Field Communication)
mobile payments has been approved by Visa. RIM's SEM is the backend
solution for carriers that can securely manage credentials on SIM
(subscriber identity module) cards installed in all types of NFC-capable
mobile devices.

    "The approval from Visa of RIM's SEM solution is an important step in
that it will enable carriers to support Visa issuing banks and financial
institutions," said Frank Maduri, Senior Director, NFC Services and TSM
Product Management at RIM. "We now offer carriers a robust solution with
around-the-clock global support that works on any NFC-capable device, and
meets the stringent technology and usability guidelines for Visa." 

    "RIM's success in gaining Visa's formal approval as secure element
manager is a crucial step in expanding RIM's role as a key security
partner for mobile payment solutions around the globe," said Andy
Castonguay, Principal Analyst, at Informa Telecoms & Media. "RIM's secure
network operations center provides a unique combination of global
geographic reach, and has established trusted relationships with hundreds
of carriers around the world with an unparalleled reputation for
security, which sets RIM apart as an SEM partner in the growing mobile
payments space."

    Today's announcement from RIM builds on the recent deployment of mobile
payments in Canada by EnStream, a joint venture of Bell, Rogers and
TELUS, which uses RIM's SEM solution. 

    About Research In Motion

    Research In Motion (RIM), a global leader in wireless innovation,
revolutionized the mobile industry with the introduction of the
BlackBerry(R) solution in 1999. Today, BlackBerry(R) products and
services are used by millions of customers around the world to stay
connected to the people and content that matter most throughout their
day. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices
in North America, Europe, Asia Pacific and Latin America. RIM is listed
on the NASDAQ Stock Market (NASDAQ:RIMM) and the Toronto Stock Exchange
(TSX:RIM). For more information, visit: www.rim.com or
www.blackberry.com.

    Forward-looking statements in this news release are made pursuant to the
"safe harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995 and applicable Canadian securities laws. When used herein,
words such as "expect", "anticipate", "estimate", "may", "will",
"should", "intend," "believe", and similar expressions, are intended to
identify forward-looking statements. Forward-looking statements are based
on estimates and assumptions made by RIM in light of its experience and
its perception of historical trends, current conditions and expected
future developments, as well as other factors that RIM believes are
appropriate in the circumstances. Many factors could cause RIM's actual
results, performance or achievements to differ materially from those
expressed or implied by the forward-looking statements, including those
described in the "Risk Factors" section of RIM's Annual Information Form,
which is included in its Annual Report on Form 40-F (copies of which
filings may be obtained at www.sedar.com or www.sec.gov). These factors
should be considered carefully, and readers should not place undue
reliance on RIM's forward-looking statements. RIM has no intention and
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by law.

    BlackBerry, RIM, Research In Motion and related trademarks, names and
logos are the property of Research In Motion Limited and are registered
and/or used in the U.S. and countries around the world. All other brands,
names and marks are the property of their respective owners. RIM is not
responsible for any third party products or services.

Contacts:
Media Contact:
Gene Nakonechny
RIM Public Relations
+ 1-519-597-5018
gnakonechny@rim.com

RIM Investor Contact:
RIM Investor Relations
+ 1-519-888-7465
Investor_relations@rim.com

Copyright 2013, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.