UL, previously known as Underwriters’ Laboroatory, announced the acquisition of Collis, a provider of secure transaction technology and advisory services based in Leiden, Netherlands.

The addition positions UL as a global provider of transaction security, interoperability and conformance evaluation and advisory services for the mobile, payment card, eTicketing and ID management sectors. Collis develops and tests secure transaction technology for banks, governments, mobile network operators and public transport companies.

Samsung and Visa are providing their sponsored athletes and trialists at the London 2012 Olympic Games with special edition Samsung Galaxy S III handsets equipped with Visa’s payWave NFC payments application.