20 January 2017
visit http://www.wolterskluwerfs.com

Austria's RBI preps mobile NFC roll out

27 January 2012  |  6774 views  |  0 rbinfc

Austria's Raiffeisen Bank International (RBI) is preparing to introduce a contactless mobile payments service.

Working with Visa Europe and Cardis, RBI says its CardMobile service will be introduced in an unnamed Austrian city during the second quarter. The bank is also set to start issuing V Pay contactless cards.

CardMobile will see customers download an app and install a microSD card in their handset - initially just iPhones - to enable them to make low value contactless payments at the point-of-sale.

RBI says payment credentials are stored in the phone in the chip, which it provides and has the same security level as a bank card.

Gerald Kubu, head, card service, RBI, says: "CardMobile provides an attractive alternative to cash, as it does not require customers to manage any cash or electronic wallet balance, or to look for terminals to reload their card. At the same time, merchants will find the low costs attractive."
KeywordsEFTPOS

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

Japanese mobile operators form NFC consortium

Japanese mobile operators form NFC consortium

03 January 2012  |  6348 views  |  0 comments
PayPal trials mobile NFC payments in Sweden

PayPal trials mobile NFC payments in Sweden

20 December 2011  |  9882 views  |  0 comments
Absa to trial NFC mobile payments

Absa to trial NFC mobile payments

06 December 2011  |  6866 views  |  1 comments
Dutch banks and telcos push NFC m-payments back to 2013

Dutch banks and telcos push NFC m-payments back to 2013

02 December 2011  |  8007 views  |  1 comments
Visa and Akbank team on MicroSD-based contactless m-payments

Visa and Akbank team on MicroSD-based contactless m-payments

04 August 2010  |  12092 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit wavestone.co.ukVisit capgemini.com

Top topics

Most viewed Most shared
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
15249 views comments | 85 tweets | 107 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
12287 views comments | 48 tweets | 42 linkedin
Accenture beats Brexit blues with largest-ever London startup programmeAccenture beats Brexit blues with largest-...
10532 views comments | 30 tweets | 20 linkedin
hands typing furiouslyBlockchain: Time To Get Your Feet Wet
7268 views 0 | 23 tweets | 9 linkedin
RBI told the time is right to digitise the RupeeRBI told the time is right to digitise the...
7226 views comments | 14 tweets | 12 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job