Wow, the Blog abt Anonymous posting hit the recent record for most comments, and only one was anonymous :) I think it will work fine.
03 Mar 2011 14:05 Read comment
Excellent. Worth doing to encourage more debate - we need a few frank responses from time to time and I'm sure this can be achieved without causing offence. Too much sitting on the fence sometimes ;)
02 Mar 2011 12:05 Read comment
All,
I, for one, am fed up with NFC being aligned with Mobile Payments.
But I do agree with Brett that the replacement of the POS with NFC enabled POS is not the issue. Instead of millions of distributed merchant based POS terminals (which 'can' be tampered with), consider instead a central 'virtual and multi-channel' POS Hub. Put the NFC on the mobile device, then use the mobile data network to connect it through the POS Hub to make a payment. Figure a way to identify the merchant too, so that they get the payment.
If the Hub is implemented by a mobile operator, they can offer true mobile payment to the phone account, in addition to being an Acquirer for a traditional payments network (with the NFC linking to a standard CC account). Or the Hub could be a new business altogether.
01 Mar 2011 23:10 Read comment
Nick,
This is relevant and I think using the same Samsprung/NFC tech.
http://www.fiercemobilecontent.com/story/deutsche-telekom-launching-mobile-wallet-solution/2011-02-15
Even then the charge is applied to a new wallet (presumably needing charging as a prepay instrument to avoid working as a credit card), not to your existing phone account and hence has a barrier to adoption problem (sign-up).
Nearly $5 for a coffee - outrageous.
24 Feb 2011 08:33 Read comment
Note - this is way to 'mobile' payments.
Even then the charge is applied to a new wallet, not your existing phone account and hence has a barrier to adoption problem (sign-up)
24 Feb 2011 08:29 Read comment
NFC is fine. To me its another channel to acquire a transaction, and its slightly more convenient than chip and pin and a lot faster.
My only issue with the current NFC trend is to call it mobile payments when the NFC chip is incorporated into a mobile device. Its still a normal payments network micro-transaction, but happens to be achieved by waving your phone close to the POS device rather than your wallet.
23 Feb 2011 12:29 Read comment
Well put - "MNOs can't do it, Banks won't"
Mobile Money Transfer (MMT) has the mandate to define how a mobile can be used as a transmission or receiving terminal for funds transfer, but it still needs to be tied to an account (=bank) and distribution network (=operator and or payments network). Paypal Mobile does a pretty good job of moving money from one wallet to another, again linked to a bank account though.
For MNOs to get more of the pie, they probably need to bit the bullet and get banking licences, and that means deviating from current core business.
23 Feb 2011 12:24 Read comment
Do people actually provide that sensitive information? I would barely provide a mailing address, certainly not a Passport number or SS number! I would state who I am and what I have and a certain amount of details like past colleges, courses, and years which is bad enough in itself, but never the detail stuff. That's only relevant to an employer, not a potential employer.
The problem with many online forms is that often you cannot submit without 'something' in those fields and you are stuck - just like accepting all that small print for software - you want it, you accept it and fingers crossed. Your only protection is being one of a crowd and hoping it won't happen to you.
21 Feb 2011 17:39 Read comment
OK, the video wasn't brilliant, but I got the point.
Wasn't wPKI supposed to be the premium 'mobile' ID ? A digital identity that could be stored in the secure part of your browser, or on a dual SIM/WIM phone as a WTLS Cert? Well wPKI and full PKI was a tough cookie to deploy and faded away in favour of PINs and request/response challenges to authenticate and identify you. Simplicity won through.
I'll look up Mobile ID, but so far not convinced it moves anything onwards. Are the MNOs doing KYC checks behind this? Do they guarantee identity of the MobileID holder like a CA ?
16 Feb 2011 11:54 Read comment
The same goal is the objective of the Wholesale Applications Community (WAC) initiative: http://www.wacapps.net/ . 1 year anniversary yesterday.
It incorporates/merged the same desires from the Vodafone Joint Innovation Lab (JIL).
The current WAC 1.0 SDK includes apis for common access to smartphone features, device state and messaging - see here http://specs.wacapps.net/wac1_0/dec2010/overview.html
Its backed by the mobile operators (and implementors like Amdocs), without a FI in sight, because its geared at allowing apps/widgets to run on as many handsets and networks as possible - a good thing for Banking App penetration.
quote:
The Wholesale Applications Community has been established to increase the overall market for mobile applications. WAC will achieve this goal by encouraging open standardized technologies, driving scaled deployment of those technologies and providing complimentary commercial models. This will allow developers to deploy an application across multiple devices (through the use of standard technologies) and across multiple operators (without the need to negotiate with each of them). WAC will provide the commercial enablers which will allow the developer to be paid for the applications which are then sold through any associated application store.
15 Feb 2011 10:24 Read comment
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.