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ktlight
20th May 2011, 08:53
FYI:


The first service that allows users to pay for purchases via their mobile phone has been launched in the UK.

Among shops signed up to the system are McDonalds, EAT, Pret-a-Manger and some Boots stores.

Users wishing to use the system - dubbed Quick Tap - will need Orange and Barclaycard accounts as well as a handset set up for contactless payments.

The idea of the mobile wallet is gaining popularity around Europe.

Motorway toll
The service is made possible by Near Field Communication (NFC), the short-range wireless technology that underpins many wireless payment systems.

Quick Tap is a collaboration between Orange and Barclaycard. It will require a NFC-enabled Samsung Tocco Lite handset, which also goes on sale on Friday.

Only purchases up to a value of £15 can be made using the service but users can preload their mobile with up to £100.

"Having a wallet on my phone has made it much more convenient to make purchases on the move and I like that it allows me to keep track of what I'm spending as I go," said David Chan, chief executive of Barclaycard Consumer.

"It is going to start a revolution in the way we pay for things on the high street," added Pippa Dunn, vice president of Orange.

Other stores signed up the service include Subway, Little Chef, Wilkinson and the National Trust.

Later this summer, users will also be able to use the service to pay the toll on the M6 motorway.

source to continue
http://www.bbc.co.uk/news/technology-13457071?ref=nf

Mad Hatter
20th May 2011, 18:30
Hi ktlight,

My wife came home from work two days ago talking about this subject. A co-worker did a trial run through on a presentation he is due to give somewhere in Dubai. It would seem that serious moves are afoot to remove cash by the end of 2012. The tech at the moment is an add on to 4G phones and rumour has it the Apple i5 and all 5G phones will have full functionality built in. Already in situ is the capability for any plastic cards to be viable ie Debit, Credit, FlyBuys etc. The plan to increase the take up is to reduce interest on plastic cards and actually introduce a fee for using cash!! The last real hurdle apparently is to sort out the settlement process for different / multiple currrencies.

So once again it'll be the wannabees keeping up with the Jonses leading the charge into the land of total lock down!! Big brother wants to restrict your movements...simple control which cells (or stores) the phone will operate in.

Fugly to so the least...

cheers

Referee
20th May 2011, 19:01
Ktlight as always an interesting post. Thank you for digging up all these articles.

Best Regards,
Referee