Contactless Smart Cards, RFID, Payment, Transit and Security

Canadian telcos launching mobile payment service

Monday, June 15, 2009

Three of Canada’s largest wireless carriers plan to deploy today a mobile payment service that will enable customers to send, request and receive money via their mobile phones. Zoompass, managed by Enstream, is a joint venture from Bell, Rogers and Telus.

Mobile phone users can register for the service online and then download the Zoompass software onto their phone that will allow them to send, request and receive money with other mobile phones via SMS text messaging, or, if the other user is also a Zoompass account holder, via email.

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The European Payments Council (EPC) has published the second edition of its “White Paper on Mobile Payments.”

According to EPC, the white paper focuses on the usage of the mobile payments in the Single Euro Payments Area (SEPA) and explores how m-payment services can be delivered through cooperation between service providers in the payment industry and players within the mobile ecosystem.

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Swedish mobile operators Telia, Tele2, Telenor and 3 have formed a joint venture to offer a unified mobile wallet service. Operating under the name “4T,” the partners plan to deliver a mobile payments service that can be used on all handsets regardless of the cellular network.

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Isis, the mobile commerce joint venture between AT&T, T-Mobile and Verizon, is preparing to launch a massive NFC payments pilot in Salt Lake City this summer, reports the Salt Lake Tribune.

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Proxama has announced a partnership with semiconductor supplier ARM Holdings to create secure payment mechanisms for mobile handsets.

The UK-based partners say they will combine ARM’s TrustZone technology with Proxama’s Mobile Wallet to develop a “highly secure” environment for NFC-enabled mobile contactless payments and mobile internet payments.

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Visa, in partnership with Monitise, has launched a suite of new mobile financial services on its revamped Debit Processing Service platform, enabling mobile phone users to check their account history and balances, transfer funds between accounts, and receive real-time transaction alerts.

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CARTES in North America, a new annual card manufacturing, payment, identification and digital security expo and conference, has placed mobile payments at the center of its agenda of this year’s inaugural event.

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