This is nowhere near as ubiquitous as the Barclaycard Paytag that you stick to any phone. What about Android users?
All these schemes are simply new formats for existing (NFC) payment cards. Nothing wrong with that, but not to be confused with 'mobile' payments.
02 Oct 2012 16:05 Read comment
Arghh - those parasites at the FT expect me to register to see that link!
02 Oct 2012 15:56 Read comment
So this is another 'stick-on' PrePay Mastercard solution? You may as well stick it on the back of your watch or pop it in your real wallet? The App is probably just an online link to the PrePay Account, and allows Mastercard to link the account to a MSISDN. All SFR are doing is the marketing and branding to their customer base.
At least it will help customers get used to the concept of contactless payments in advance of the real NFC-SIM in 2013.
25 Sep 2012 13:38 Read comment
Or just have a global wallet/app and just partner with a multi-opco Operator? This is what WhatsApp did to get global and free reach with their messaging App.. with H3G
http://thenextweb.com/asia/2012/09/12/whatsapp-guns-rim-signs-first-unlimited-roaming-deal-three-hong-kong/
Its not an app I would use, but shows you can partner. Until you have something that competes with the Operator (err - wallet).
I'll watch your space.
21 Sep 2012 21:48 Read comment
Great blog and insight. But history shows 2 things (that come to mind) - Betamax did not displace VHS, and Mobile Operators and Banks don't sit easily together!
17 Sep 2012 09:06 Read comment
Wow. Waiting for the defence of EMV. As you say - has far reaching legal implications for non-repudiation. One thing - you still have to steal the card/chip, yes? You can only (possibly) clone a valid transaction, not the chip itself?
12 Sep 2012 14:04 Read comment
To carry on your analogies. The UK MNOs may think they took a lead and see no-one ahead. Maybe its because the real leader is so far ahead. When they see light in the proverbial tunnel - it could just be the Google train coming towards them :)
Seems to me that Oscar will specify SIM/SE resident credentials, which is what GW had to move from to get the support of other bank issuers. So yes, Oscar better get the security and TSM arrangements right.
12 Sep 2012 13:49 Read comment
I can report the following: receive email alert from bank indicating over-spend (a threshold spend exceeded). I view online banking to see that there is no sign of transactions there. I get curious (panic). I think it is a phishing attempt. Call bank. Incur time and cost. Turns out the transactions are 'pending' and not visible to me online yet, but I still get alerted with an email (which only showed the last small txn, not the large one causing the alert before it).
So all in order, but damn confusing. First time I reported it as suspected phishing (heard nothing). Second time I called. Third time... maybe I will have learnt the deficiency.
To your point(s) - I cannot tell a real alert from a phishing one!
12 Sep 2012 13:43 Read comment
Well said.
Its all about the consumer details, not the payments.
06 Sep 2012 12:45 Read comment
I'll anonymously agree. The registration process is a huge barrier to adoption and at the end of the day, Pingit is just a customer acquisition tool for Barclays. Still not managed (or found the need) to actually use it.
06 Sep 2012 12:40 Read comment
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