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Technical Help & Discussion => Mobile Phones & Other Handheld Devices => Topic started by: Simon on June 16, 2011, 21:44

Title: Big four networks team up for mobile payments
Post by: Simon on June 16, 2011, 21:44

T-Mobile, Orange, O2, and Vodafone have teamed up on mobile payments and advertising.

The operators have created a standalone joint venture to develop a single system for mobile payments as well as advertising, letting retailers go through a single company to reach the firms' customers, regardless of the device they're using.

The joint venture will come up with the standards, technology and interfaces to run mobile payments, as well as create a centralised sales division to work with retailers and advertisers.

The system won't actually process payments, but will provide the necessary platform to banks and retailers to let consumers shop with their phones.

"This venture is not taking a banking licence," explained Ronan Dunne, CEO of O2-owner Telefonica. "It will be enabling the payments systems that work today. Any bank can enable its physical products to be virtualised onto mobile wallets, rather than have to do it individually to all the operators."

Read more: http://www.pcpro.co.uk/news/368119/big-four-networks-team-up-for-mobile-payments

Title: Re: Big four networks team up for mobile payments
Post by: Rik on June 17, 2011, 12:53

I don't trust mobile payments.

Title: Re: Big four networks team up for mobile payments
Post by: Simon on June 17, 2011, 16:20

We didn't trust online banking at first.  ;)

Title: Re: Big four networks team up for mobile payments
Post by: Rik on June 17, 2011, 17:24

I did, way back in 1986. OTOH, I see this system far more prone to abuse.

Title: Re: Big four networks team up for mobile payments
Post by: Simon on June 17, 2011, 18:30

1986??  :o

Title: Re: Big four networks team up for mobile payments
Post by: Rik on June 17, 2011, 18:41

Yup. Royal Bank of Scotland over Prestel. :)

Title: Re: Big four networks team up for mobile payments
Post by: Simon on June 17, 2011, 19:40

I remember using Prestel at my local library in the early 80s.  I don't think it was ever made for home use, was it?

Title: Re: Big four networks team up for mobile payments
Post by: sam on June 17, 2011, 23:29

yeah, I don't trust mobile payments... sounds rather messy.

Title: Re: Big four networks team up for mobile payments
Post by: Rik on June 18, 2011, 10:53

Quote from: Simon on June 17, 2011, 19:40

I remember using Prestel at my local library in the early 80s.  I don't think it was ever made for home use, was it?

Yes, the BBC Micro, in particular, had a dedicated adaptor (aka modem) running at 1200/75 baud.

Title: Re: Big four networks team up for mobile payments
Post by: Simon on June 18, 2011, 11:17

Probably cost a fortune to buy and to run. 

Title: Re: Big four networks team up for mobile payments
Post by: Rik on June 18, 2011, 11:35

It did, but it was the earliest 24/7 online service. I used to sell software on there, and when home banking became available, it was too good to miss.

Title: Re: Big four networks team up for mobile payments
Post by: Clive on June 18, 2011, 14:21

Quote from: Rik on June 18, 2011, 10:53

Yes, the BBC Micro, in particular, had a dedicated adaptor (aka modem) running at 1200/75 baud.

Yes, I had the teletext version for my BBC micro.  Precursor to the internet in it's own little way.

Title: Re: Big four networks team up for mobile payments
Post by: Rik on June 18, 2011, 16:25

It was brilliant for its day, wasn't it, Clive.

Title: Re: Big four networks team up for mobile payments
Post by: Clive on June 18, 2011, 16:58

I loved it and used it all the time.  The stand-alone module looked very cool.  8-)

Title: Re: Big four networks team up for mobile payments
Post by: Rik on June 18, 2011, 17:02

I had one of those on one side, and a second processor on the other. :)

Title: Re: Big four networks team up for mobile payments
Post by: Clive on June 18, 2011, 17:57

Everything matched too.  Just like AG Meek.   ;D