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Orange and Barclaycard team up on NFC phone payments
Orange have teamed up with Barclaycard in a scheme which makes use of NFC (near field communication) technology which will see Orange customers able to make payments in selected stores and train stations simply by waving your handset near a barcode-style reader.
The pair said they will work together to launch new mobile products and services with the aim of "widespread adoption" of payments by phones by 2012. "Today you pay for things by cash or on your credit card. Tomorrow, you’ll use your mobile to buy the things you want," says head of Orange UK Tom Alexander.
This isn’t the first NFC mobile phone venture – Transport for London teamed up with Nokia, O2 and Barclays in 2007 in a trial which saw 500 handsets being able to make payments for train and tube tickets as you would with an Oyster card. However, a Barclaycard spokeswoman said that "at the moment the [only NFC] partnership [Barclaycard has] is with Orange."
The proliferation of 3G and internet-enabled handsets in the UK means that customers will be able to check their bank accounts online using their phones, allowing them to move money across and keep an eye on their finances as well as making payments; the spokeswoman also added that the two companies are also looking at introducing ‘SMS money’, so customers can ‘text’ cash to each other.
Last October, HSBC introduced a free online banking service for BlackBerry-wielding executive clients, allowing them to view real-time balances and transactions for the past seven days on sterling accounts, as well as view the balances of any foreign currency accounts.
Analyst house Juniper Research predicts that NFC-enabled handsets and mobile payments will have a large part to play in the development of mobile phones over the next three to five years.
Swipe your mobile to pay for shopping
You’ll soon be able to pay for goods by swiping your mobile phone at retailers’ tills. Barclaycard and Orange will launch co-branded products and services that use contactless technology.
The service will use near field communication (NFC): the same technology that is used in the Oyster transport payment service in London. An Orange spokesperson told Shopper that handsets that use NFC technology will start becoming available over the "next 12 to 24 months".
The two companies believe that when it does arrive, contactless payment will be the "biggest revolution in payments since plastic cards were introduced over 40 years ago".
"Today you pay for things by cash or on your credit card. Tomorrow, you’ll use your mobile to buy the things you want, whether that’s on the high street or the internet," said Tom Alexander, CEO of Orange UK.
Orange added that consumers will be able to use their mobile phone to pay for goods at any contactless enabled outlet already set up by Barclaycard. At the moment there are nearly 10,000 enabled stores on the UK high street, including Eat, Pret A Manger, Cafe Nero, Books Etc, Yo! Sushi, Chop’D and the National Trust.
Both companies have also said that their partnership will mean that customers receive more efficient and informative alerts to their mobile phones, and new banking applications to help them keep in control of their finances while on the move. They said that other contactless services, such as buying event and transport tickets are in the offing too.
Orange, Barclaycard team up for payment services
3 years ago
by admin
in Mobile Payments
Orange, Barclaycard team up for payment services
Mobile operator Orange UK said Monday that it has teamed up with Barclaycard to develop a range of mobile payment services based on NFC (Near Field Communications).
The forthcoming co-branded products and services will allow consumers to use their mobiles to pay for goods and services at retailers using contactless technology, by waving their handset against a reader.
Future services are likely to include ticketing, transport, mobile banking and rewards. MasterCard is providing the payment capabilities for the transactions.
Tom Alexander, CEO of Orange UK, said: "Today you pay for things by cash or on your credit card. Tomorrow, you’ll use your mobile to buy the things you want, whether that’s on the high street or the internet. These are the services that will change the way we live and work for the better, and are evolving the way we interact with each other and the way that companies serve us.
