26 July 2016
Find out more

HSBC launches contactless m-payments trial in US

29 January 2007  |  10397 views  |  0 mobile keypad

HSBC is launching a pilot of mobile contactless payments technology at its US card services division that will see staff use their handsets to pay for low-value purchases.

More than 200 staff at HSBC's credit card services units in New York, Chicago and several other US cities will participate in the six-month pilot, which will test the use of Near Field Communication (NFC) enabled mobile phones to make contactless credit card purchases.

HSBC says participants used a simple "over-the-air" (OTA) personalisation process to securely load their credit card data onto NFC-enabled mobile phones, which can now be used to pay for purchases under $25 at any retailer that accepts MasterCard's PayPass system. Users simply tap their PayPass-enabled phone on the reader at participating merchants.

ViVOtech provided the wallet, smart poster, and payment provisioning software for the phones used in the trial.

Walter Menezes, chief executive of HSBC card services, says "Putting payment capability into mobile phones is our latest effort to employ innovative technology in our credit card business."

HSBC introduced contactless debit cards to its bank customers in late 2005 and contactless credit cards in 2006.

Last year Bank of America said it was conducting trials of contactless mobile payments technology as an alternative to low-value cash payments.

Around 500 staff at BoA's offices in Wilmington, Delaware are taking part in the pilot and use their mobile phones to pay for purchases at vending machines, in a cafeteria and at an internal convenience shop.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Fraudsters to target mobile banking, says TowerGroup

Fraudsters to target mobile banking, says TowerGroup

24 January 2007  |  6283 views  |  0 comments
National Bank of Abu Dhabi selects LUUP m-payments service

National Bank of Abu Dhabi selects LUUP m-payments service

23 January 2007  |  6887 views  |  0 comments
Visa launches mobile payments platform

Visa launches mobile payments platform

08 January 2007  |  10655 views  |  0 comments
Visa to trial mobile payments at California HQ

Visa to trial mobile payments at California HQ

16 November 2006  |  6934 views  |  0 comments
Bank of America begins contactless m-payments trial

Bank of America begins contactless m-payments trial

03 November 2006  |  12047 views  |  0 comments
JCB to trial mobile contactless payment scheme in Europe

JCB to trial mobile contactless payment scheme in Europe

12 June 2006  |  8218 views  |  0 comments
Consumers like convenience of contactless m-payments, study shows

Consumers like convenience of contactless m-payments, study shows

06 April 2006  |  7875 views  |  0 comments
JCB contactless payments go mobile at Takamatsu Symbol Tower

JCB contactless payments go mobile at Takamatsu Symbol Tower

15 June 2005  |  9471 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comFind out moreVisit www.abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9084 views 14 comments | 32 tweets | 37 linkedin
satelliteContactless Bitcoin startup Plutus Tap &am...
9058 views comments | 9 tweets | 4 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
8712 views 3 | 21 tweets | 7 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7459 views comments | 17 tweets | 25 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5834 views comments | 29 tweets | 16 linkedin

Featured job

Find your next job