12 December 2017
visit www.aciworldwide.com

New Zealand's ASB Bank and Telecom to launch m-payments service

03 February 2004  |  5282 views  |  0 New Zealand's ASB Bank and Telecom to launch m-payments service

New Zealand's ASB Bank is teaming with mobile phone operator Telecom to enable customers to pay for purchases from their bank account using their mobile hand sets.

Initially, the service will enable customers to top-up their phone credit from their bank account via SMS text messages. The service will be extended to include other purchases in the future.

The payments system was developed by New Zealand firm M-Com and requires an alphanumeric password for authentication of the user's identity. Purchases will be charged to a customer's bank account rather than being charged to a mobile phone account.

Clayton Wakefield, group general manager, technology and operations, ASB Bank, says: "The technology developed for mPayment provides the platform for any number of merchants to offer their customers a new way to pay for goods and services using their mobile phone."

"We will be actively seeking new partners to join this initiative and ultimately we expect this technology to be available to all banks and telecommunications companies in New Zealand," he adds.

ASB Bank and Telecom's advanced solutions group completed technical trials over the Christmas period, and plan to launch the prepaid top-up service to customers in late March 2004.

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

JCB combines credit card payment with mobile phones and contactless chips

JCB combines credit card payment with mobile phones and contactless chips

22 January 2004  |  8717 views  |  0 comments
Copenhagen Stock Exchange launches SMS price service

Copenhagen Stock Exchange launches SMS price service

13 January 2004  |  6322 views  |  0 comments
Visa to extend mobile top-up service across Europe

Visa to extend mobile top-up service across Europe

13 January 2004  |  5280 views  |  0 comments
Contopronto wins e-money licence

Contopronto wins e-money licence

06 January 2004  |  6349 views  |  0 comments
AIB introduces text-based mobile top up service

AIB introduces text-based mobile top up service

08 December 2003  |  5273 views  |  0 comments
UK mobile payments start-up licenses Sanchez core banking system

UK mobile payments start-up licenses Sanchez core banking system

03 December 2003  |  5177 views  |  0 comments
JCB to test biometric authentication for mobile payments

JCB to test biometric authentication for mobile payments

04 November 2003  |  29645 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.response.ncr.comvisit http://info.nice.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11771 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8609 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7055 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6778 views comments | 20 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6612 views comments | 17 tweets | 35 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job