Feeds

O2 money-phone set to go live this year

Now losing your mobe will be an even bigger nightmare

Top 5 reasons to deploy VMware with Tegile

O2 will be working with Wave Crest, FIS, Intelligent Environments and Visa Europe to get its O2 Money product into a mobile phone before the end of 2011.

The new best friends will provide the infrastructure, point of sale terminals and customer support for the phone-embedded service, which is due to launch later this year.

O2 will soon become an Authorised Electronic Money Institution (EMI) so won't need former partner NatWest, or any other bank, to back up its financial services. However, it will need the other partners to get those services dropped into a mobile telephone.

Intelligent Environments will be developing the wallet application; right now there are NFC handsets running Bada, Android and Symbian, so expect to see at least two of those supported.

Wave Crest will be running the payment service, while Visa Europe provides the point of sale infrastructure - so O2 Money should work wherever Visa is accepted, and an NFC terminal has been fitted.

FIS will manage the business-to-business payment processing, as it does for many other payment schemes.

Back in 2009 O2 hooked up with NatWest to launch a prepaid credit card, branded O2 Money, but the couple split a year later, citing different strategic goals. As an Authorised EMI O2 can do without NatWest, but it still needs partners to get proximity payments working - one never knows, perhaps Visa will invite O2 to join the Olympic party. ®

Beginner's guide to SSL certificates

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
Ofcom tackles complaint over Premier League footie TV rights
Virgin Media: UK fans pay the most for the fewest matches
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.