Feeds

Pay-by-phone commerce coming closer

Talk, text and pay

Top 5 reasons to deploy VMware with Tegile

The global trade body for the mobile industry and a European monetary organisation have signed a pact to speed up the deployment of handset payment services in Europe.

The GSM Association (GSMA) and the European Payments Council (EPC), which represents 8000 banks in the EU, will now jointly co-ordinate efforts to get phones paying for just about everything, from impulse purchases in shops to restaurant meals.

The programme has been called, simply, the Pay-Buy-Mobile initiative. But, in order to ensure such services run smoothly, the pair recognises the need for a “Trusted Service Manager” clearing house to help manage cash-flow between banks and network operators.

Although the partners haven't said which form or forms of contactless payment technology they envisage being used by mobile phone users, Near Field Communication (NFC) and Universal Integrated Credit Card (UICC) have been hinted at.

UICC is a smartcard used in mobile terminals in GSM and UMTS networks to allow them to communicate securely with the banks. NFC devices can be built directly into mobile phones to allow short-range wireless communications between, say, a mobile phone and reader, much like the Oyster card system used on the London Underground.

In Japan, mobile-phone based payments are already thriving. So much so that Japanese carrier KDDI and the Bank of Tokyo recently jointly created a bank specifically designed to create accounts for anyone using cashless-enabled mobile phones.

Security for virtualized datacentres

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Will BlackBerry make a comeback with its SQUARE smartphones?
Plus PC PIMs from company formerly known as RIM
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.