Feeds

German tap-to-pay telco allies don't need no stinkin' banks

Slapdash slapcash plan requires all new bonk-banker kit

The Power of One Infographic

The German arms of Telefonica and Vodafone, along with Deutsche Telekom, have signed an agreement to take their virtual mpass payment platform physical, without the help of the banks.

The letter of intent, signed by all three companies, states that the mpass system will be set up as a jointly-owned-but-independent company handling payments made by customers of any of the network operators, and without having to pass on a cut to the existing payment processors.

That is in contrast to the rest of the world where mobile operators have been busy conceding the mobile-payments business to the existing providers (Visa, Mastercard and their ilk).

In the USA ISIS was set up to provide a similar mechanism, but has now scaled back plans to welcome in the existing players, while the UK operators have been busy creating a standardised advertising platform so that they can make money from NFC without having to worry about slicing the mobile-payment cake too thinly.

But German operators reckon they can do it, even if it means distributing new point-of-sale equipment to shops and, as NFC Times points out, delaying previously-scheduled launches of independent offerings:

"[Q]ueues at the supermarket will soon be a thing of the past," says Deutsche Telekom's ebullient Director of Marketing, espousing the benefits of pay-by-tap.

Mpass already operates in Germany, allowing payments authorised by SMS, and was even available (briefly) in the UK a decade or so ago, but despite its longevity it hasn't proved very popular. Getting new terminals into every shop in the country will increase the visibility of the brand, but it is the cost of doing just that which has put off operators in so many other countries. ®

The Power of One Infographic

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
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
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
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.