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In 2000 at Interpay we used the name i-pay for e-commerce payments via Maestro, MasterCard and VISA SET. SET whas the standard for Secure Electronic Transactions based on PKI connectivity between merchant, consumer and gateway. Extremely secure as nobody managed to install the certificats at that time.... To complex and not usercentric.

With iTunes Apple could start facilitating secure remote mobile payments for other e-commerce sites or Apple Stores, Apple resellers, etc.

Currence is not the processor for iDEAL transactions but the brands and licenses organization for iDEAL. Banks authenticate users and authorize iDEAL transactions themselves in their internetbanking domain, the issuing processing. The acquiring processing is outsourced by all acquiring iDEAL banks to Atos Worldline.  

Great move from MasterCard providing banks with a wallet. http://gigaom.com/2011/11/30/mastercard-mfoundry-let-banks-create-their-own-nfc-mobile-wallet/

Wouter Hasekamp, founder of Qhuba, wrote an illustrating blog on this subject. How to finance a small growing consulting company. As always we are very open on our efforts. http://wouterhasekampqhuba.wordpress.com/2011/08/30/how-to-build-a-business-financing-and-credit/

I share this optimism due to the huge benefits for merchants and consumers. Imagine beeing a local shop able to compete with nearly everybody in a reach to the indivudual customer. Not mass marketing but finaly one on one and influenced by peers.

Cooperation with social media providers will enable the merchant to establish a profile, become a favorite place to meet, to be rewarded and to buy. If you have something special than you can easily stand out of the crowd on an unprecendented scale.

This will have the same impact on retailing as e-commerce had on the music industry.  

Hello Christian, thank you for this addition, I can fully agree that both modells will have its place even for multi channel merchants.

It would be very advisable if we where able to authenticate the consumer across these channels. We could design the use of specific payment methods more intelligent around this channels, reducing costs, increasing turnover. It would be interesting to promote low cost debit card payments at the point of delivery where the order has been set and the consumer authenticated via the internet or mobile.

Curious development, the telco´s will use secure NFC technology and the banks will use low tech SMS payments typically used for low value payments. This will leave the opportunity for the telco´s to join with other payment providers from the social media corner or creditcard brands.

It is now evident that Google will restrict itself to its Offers service and allow others to manage the payments. You can check out at http://www.nearfieldcommunicationsworld.com/2011/06/13/37997/google-wallet-is-one-of-the-biggest-investments-weve-made-at-google-for-a-very-long-time/

The reason for banks to be slowly is they have few to win and hardly any influence when acting solely. In the NL banks took a good step in cooperating with the telco´s and establishing an NFC infrastructure that will be jointly exploited, open to others as well...

Google, Apple and others are smart enough to wait for others to invest in the non competitive infrastructure, experts as the are in reusing and remoddeling these in new service offerings. As they know the customer far better than any bank, it fits their business models and also have a totally different size compared to banks, they can make a difference and bring a new service to work.

I fully agree with Brett on the context of payments, these giants have no problem in offering a context in a profitable way to customers.

I don´t agree Brett, there is real money for Google in loyalty and couponning because they bring the customer to the point of sale and Google will be granted a nice fee for this. In payments itself the business case is harder.