Feeds

Visa Europe muscles in to UK cloudy wallet market

Another day, another payment platform...

Business security measures using SSL

Visa Europe is filling in some of the details behind the logo it launched last year, scheduling a autumn launch for its cloud-based wallet as the payment war heats up.

V.me was announced last November, but at that time consisted of little more than a logo. Now we have a few more details including a commitment to launch in the UK, Spain and France in the next six months and a partnership with payments veteran WorldPay.

The service is intended to compete with PayPal, and stop megamarts like Amazon turning themselves into payment processors, though that process is already far advanced. Users can upload their card details to the V.me cloud and then pay for stuff at any online retailer displaying the V.me logo.

In common with other cloud-payment systems the retailer never gets to see the card details, which is good for security, and V.me isn't an intermediary like PayPal, so card insurance and refund schemes should still apply though we won't know all the details until the service finally launches in the autumn.

V.me will launch into a competitive market, with O2 Wallet getting off the ground last week and PayPal well established. O2 Wallet is more mobile focused, as befits a network operator moving into banking, V.me is available through a mobile browser and the brand could extend itself into NFC one day, but Visa already has the PayWave brand for such things.

O2 bulks out its offering with a shopping comparison service focused on mobile, while PayPal's low charges make it attractive, so it will be interesting to see how V.me differentiates itself.

New partner WorldPay currently charges merchants a £100 setup fee, and monthly subscriptions of £20 as well as a per cent or two on every transaction (depending on volume), so it will be interesting to see how V.me compares to that.

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.