Feeds

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

Slapdash slapcash plan requires all new bonk-banker kit

Choosing a cloud hosting partner with confidence

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
You! AT&T! The only thing 'unlimited' about you is your CHEEK, growl feds
Man, we did everything but knock on their doors - carrier
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
Watch out, Samsung and Apple: Xiaomi's No 3 in smartphones now
From obscurity to selling 19 million mobes a quarter
Brazil greenlights $200m internet cable to Europe in bid to outfox NSA
Only one problem: it won't make the slightest difference. And they know it
Wanna hop carriers with your iPad's Apple SIM? AVOID AT&T
Unless you want your network-swapping tech disabled for good, that is
Knocking Knox: Samsung DENIES vuln claims, says mysterious blogger is a JOKER
But YES, system does store encryption key on the device
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Managing SSL certificates with ease
The lack of operational efficiencies and compliance pitfalls associated with poor SSL certificate management, and how the right SSL certificate management tool can help.