Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
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The contactless card payment revolution that is failing to take off and costing you money

The contactless card payment revolution that is failing to take off and costing you money | Payments 2.0 | Scoop.it

This is money discusses the lack of merchant promotion and consumer acceptance of contactless payments; the practical and technical glitches; and the fact that consumers will in the end have to foot the bill for their deployment in the UK.

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Orange UK offers free baguette or free coffee at EAT to promote contactless payments

Orange UK offers free baguette or free coffee at EAT to promote contactless payments | Payments 2.0 | Scoop.it

Mobile phone operator, Orange ... [will from march on allow] customers with near-field communication enabled-handsets (NFC) to tap their mobile phone on a promotional poster at some EAT outlets so they can receive a free treat like a free baguette or a free coffee.

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UK: wireless operators' JV for mobile payments may miss the Olympics

UK: wireless operators' JV for mobile payments may miss the Olympics | Payments 2.0 | Scoop.it

"An article from the U.K. Telegraph reported this weekend that plans for a mobile payment joint venture between the U.K.'s largest wireless carriers, Vodafone, O2 and Everything Everywhere, are ..."

 

Comment: Operators' mobile payment JVs are slow/late in the US, in the UK...

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UK: contactless terminals adoption continues

UK: contactless terminals adoption continues | Payments 2.0 | Scoop.it

"Health and beauty chain store Superdrug and food retailer Waitrose have become the latest UK companies to implement contactless terminals."

 

Note: Streamline expects 2012 to be a "tipping point" for contactless in the UK 

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UK: Contactless payments to come of age during Olympics | News | The E-Commerce Pro

UK: Contactless payments to come of age during Olympics | News | The E-Commerce Pro | Payments 2.0 | Scoop.it
The Olympics is widley predicted to be the catalyst for the take-up of contactless payments.
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UK Payment Council to facilitate Money transfers by mobile phone - FT.com

"After months of discussions with the industry , it [the UK Payment Council] is expected to announce in February detailed plans for a database that would link bank customers’ mobile phone numbers to their accounts"

 

The Payments Council is a voluntary membership organisation of banks and payment system providers that was set up in March 2007 to ensure that UK payment systems and services meet the need of payment service providers, users and the wider economy. http://www.paymentscouncil.org.uk/

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Kalixa Card - Kalixa Goes Contactless

Kalixa Card - Kalixa Goes Contactless | Payments 2.0 | Scoop.it

Kalixa is introducing its new contactless prepaid MasterCard to the UK

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UK Payments Council To Build Mobile Payments Platform

UK Payments Council To Build Mobile Payments Platform | Payments 2.0 | Scoop.it

The Payments Council has announced it is funding the development of a centralized database to facilitate mobile payments innovation in the UK... It will be available by the end of this year.... Vocalink has been assigned to implement it.

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Mobile Payments: Barclays' Pingit Pushes Future Tech Into Now | Fast Company

Mobile Payments: Barclays' Pingit Pushes Future Tech Into Now | Fast Company | Payments 2.0 | Scoop.it

"Pingit is a smartphone app that lets anyone with a Barclays account and a cell phone send out and receive cash without having to swap long, complex bank numbers (which you'd probably want to protect under most circumstances anyway)--all you need is a phone number or a name."

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This year the contactless 'wave and pay' revolution finally begins The Guardian

This year the contactless 'wave and pay' revolution finally begins The Guardian | Payments 2.0 | Scoop.it

Summary: The Guardian reviews the progress of contactless payments in the UK.

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UK: Superdrug first highstreet retailer to trial Visa contactless payments - Retail Gazette

UK: Superdrug first highstreet retailer to trial Visa contactless payments - Retail Gazette | Payments 2.0 | Scoop.it

"From today, customers of Heath & beauty specialist Superdrug will be able to make payments of up to £15 with just a swipe of a contactless bank card at 50 of Superdrug’s stores... nationwide roll-out of the system expected later this year ...

The solution, created by Streamline and Visa Europe, has already been successfully introduced into McDonalds fast-food outlets"

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Visa Europe 2012 Contactless Barometer study

Visa Europe 2012 Contactless Barometer study | Payments 2.0 | Scoop.it

Summary: Visa Europe released the results of its second quarterly Contactless Barometer study under the headline "2012 tipping point to mainstream contactless adoption".

 

"The Barometer canvassed perceptions of contactless technologies across the UK, Poland and Turkey, based on surveys of 1,700 banked individuals and in-depth panel sessions with around 500 contactless card owners per market.The study shows that contactless owners value the convenience and ease of contactless payments, but suggests that the current relatively low acceptance levels in some markets is still preventing usage from becoming an every day habit."

 

My take: Nothing surprising or earth-shattering but in its conclusions the study exaggerates the significance of consumers' sentiment about the emerging contactless technology. Consumers don't know what they want before it truly exists.

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