Mobile wallet offered to UK shoppers(bbc.co.uk)
bbc.co.uk
Mobile wallet offered to UK shoppers
http://www.bbc.co.uk/news/technology-13457071
1 comments
Limited usability I think considering it applies to only Orange customers with Barclays accounts. Typically in the UK, it's virtually impossible to get any banks and/or mobile companies to standardise on technology (think debit cards: VISA/Switch/Solo/PO etc) so I can only see problems and more market fragmentation appear.
I don't believe the standardisation point is true. The banks came together to create the EMV (Eurocard - Mastercard - Visa) standards, which define eg how chip & pin works. The mobile industry is also very big on standards.
The issue is about who owns the customer. There's the one secure element (the SIM/bank card chip) - who should own that? Technically both operator and bank can coexist on the same card, but the commercial position is not so simple.
The issue is about who owns the customer. There's the one secure element (the SIM/bank card chip) - who should own that? Technically both operator and bank can coexist on the same card, but the commercial position is not so simple.
I was talking about before that with the old Switch/Solo junk that went on. I did a spell working for an e-commerce outfit and integrating with the merchant banks was an absolute nightmare.
Chip 'n' Pin seems to be pretty ubiquitous - I was pretty surprised to see an American colleague having to sign for something the other day.
I only have a couple of cash transactions a month - the barber I go to being the last hold out.
I only have a couple of cash transactions a month - the barber I go to being the last hold out.