You may like to download the latest version of Flash
Market data
Top weekly gains and losses
Cardtronics: 10.376
ICAP: -20.797

 

 
27 November 2008 - 09:14

ING and MasterCard in Romanian m-payments trial

Dutch bank ING and MasterCard are to pilot a near field communications (NFC)-based mobile payments system in Romania, enabling customers to use their handsets to pay for low value purchases.

The bank says about 500 clients will be given Nokia 6212 handsets incorporating NFC technology for the first stage of the six month pilot, enabling them to make payments by tapping their phones against specially equipped terminals at around 30 merchants in Bucharest.

As well as making contactless payments, participants will be able to top up their Maestro PayPass account balance over the air to their phone with a special code. They can also check their balance over the air.

The Romanian pilot is the first since ING and MasterCard outlined their plans to develop the system in February. They have been working with payments technology vendor Collis, Finnish company Venyon, which operates a service platform for over-the-air NFC payments and Taiwan-based NFC outfit Toro on the project.

Last month MasterCard launched a facility for banks to install PayPass contactless payments functionality onto customers' mobile phones over the air. The MasterCard Over-the-Air Provisioning Service lets issuers transfer a PayPass application onto a secure area of NFC enabled handsets via the mobile network.


 
  Comments

 
No comments. Be the first to comment on this now (membership required)

  Related blog posts

 

 
  Related news

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
  Related company news

 
  
 

 
Most discussed blogs
 
Featured job
Find your next job!
search 
 
Most viewed - last 10 days

 

 

 
Editorial: news@finextra.com   Sales and member queries: contact@finextra.com   © Finextra Research 2010