Feeds

Mobile-phone wallet stymied by lack of understanding

Either that or people just don't care

Designing a Defense for Mobile Applications

The financial industry's lack of understanding is what's preventing us from using our phones to pay for things, so the Mobey Forum is going to educate it.

In a new white paper from the 'Forum (pdf), the industry body explains the various technologies available as well as the business relationships which are necessary to make proximity payments happen, all presented on the basis that users are just dying to pay for everything with a wave of the mobile telephone.

"It has been proven that the technology works and [that] consumers love it" according to the white paper. But it's purpose isn't to sell the concept of proximity payments, but to explain how companies might go about setting up such a scheme and what partners they might need to do so.

In that regard, the document works well enough and should provide a useful reference, though it completely ignores the RF SIM technology being deployed in China. That's important as it allows a network operator to deploy a system that will work on any GSM handset, without having to work with handset manufacturers or rely on any other standards being implemented.

The document also seems curiously optimistic about the capabilities of "active stickers." RFID stickers have been used for payment systems for years, often stuck to the back of a mobile phone but not by necessity. The payment system embedded in the sticker operates entirely independently of the phone, and there's no connection between the two except a layer of glue.

But the Mobey Forum reckons that an "active sticker" could interact with a phone application over a Bluetooth connection, enabling anyone to upgrade an existing handset for proximity payments just by slapping a sticker on the outside and some software inside.

A keyfob based on that idea was demonstrated last year, but it's hardly a "sticker." That product also no longer appears on the company's web site, despite being demonstrated last year.

NFC tag with Bluetooth connectivity

The "With Me" from Cell Idea: It's not a sticker, and it's not in production.

But bearing in mind those limitations, the white paper is still a useful guide to how a proximity-payment system might be structured, and it's worth reading - if you believe punters really are crying out for mobile-phone payment systems. ®

HP ProLiant Gen8: Integrated lifecycle automation

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.