Pay for coffee with your mobile
(Thomson Reuters ONE) -
(Fornebu/Oslo, 1 July 2011) Within a few years, the mobile phone will replace
bank cards when consumers pay at point-of-sale-terminals. During the next
months, around 250 of Telenor's and DnB NOR's customers will be testing the
option of paying via mobile. A dozen locations in Oslo are taking part in the
test.
The aim of the test is to learn more about how the payment-via-mobile system
will work for customers and shop assistants. Testing will continue throughout
the summer, and the experiences gained will be used to improve and develop the
system.
Shops from the Kaffebrenneriet, Vita and Deli de Luca chains are taking part in
the test, which is a cooperation between Telenor, DnB NOR, MasterCard, Teller,
Nets and Giesecke and Devrient. The test project is part of a NFC City, a user
driven research project which is partly financed by the research council of
Norway.
Fast and secure payment
The customer will be able to pay by holding their mobile up to the payment
terminal at the till. Payment will be faster than and just as secure as paying
by card. The money will be debited from the customer's MasterCard.
The technology that makes this kind of payment possible is called Near Field
Communication (NFC) - a system that has become a technology standard that is
expected to become very widespread over the next few years. The technology
allows information to be transferred securely across a short distance, and can
be installed in mobile phones. The mobile phone must be held right up to the
payment machine. The tiny gap means that it will be almost impossible to
intercept the data exchange, and encryption systems have been developed that
will increase security even more.
Everybody taking part in the test will be using a Samsung mobile with built-in
NFC technology and an adapted SIM card. Most producers of smart phones will
include this technology in the time to come.
Mobile phones as wallets
New payment systems based on NFC technology have been in the pipeline for
several years. There are many major initiatives on the horizon, and there is
expected to be a huge increase in the use of mobile phones as a payment method
over the next few years. Telenor, DnB NOR and the other companies taking part
in this joint venture want to be at the forefront of the expanding use of
payment-via-mobile systems. The test project in Majorstua is an important step
forward.
"The Oslo test is one of the first in Scandinavia and will be an important
milestone towards our use of mobile phones as wallets. We are certain that
contactless payment via mobile will become extremely widespread, because we all
take our mobiles everywhere we go, and because it's a secure and easy way to
pay," says Jon Fredrik Baksaas, President and CEO in Telenor, who will be one of
those taking part in the test.
"One of DnB NOR's ambitions is to lead the way in the development of digital
bank services. If we are to succeed in a market in which more and more services
are being integrated into mobile phones, we need to have a good, innovative
partner like Telenor. The test will show how we can work together to bring the
payment systems of the future to Norway," says Rune Bjerke, CEO of DnB NOR.
"We are delighted MasterCard® PayPass(TM) is chosen as the preferred payment
solution for this program. The innovative combination of mobile and contactless
payments, with the use of the MasterCard Over The Air Provisioning Service
(MOTAPS) gives consumers the choice of a new way to pay for everyday items that
is faster and more convenient than cash, with the added feature of over the air
provisioning and issuance that is seamless and secure," says James Davlouros,
Vice President Mobile Payments, MasterCard Europe.
Contact
Telenor:
Scott Engebrigtsen, Communication Manager, tel.: (+ 47) 90 04 34 84, e-
mail:scott(at)telenor.com
DnB NOR:
Thomas Midteide, EVP Corporate Communications, tel.: (+47) 962 32 017,
e-mail:thomas.midteide(at)dnbnor.no
This announcement is distributed by Thomson Reuters on behalf of
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Telenor via Thomson Reuters ONE
[HUG#1527409]
Unternehmensinformation / Kurzprofil:
Datum: 01.07.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 56037
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Town:
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Kategorie:
Business News
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"Pay for coffee with your mobile"
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