Feeds

Mobile-phone wallet stymied by lack of understanding

Either that or people just don't care

Security for virtualized datacentres

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. ®

Intelligent flash storage arrays

More from The Register

next story
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.