17 October 2017
visit www.response.ncr.com

Dutch banks and mobile operators form national m-payments consortium

09 September 2010  |  13980 views  |  0 D600 mobile

Leading banks and mobile operators in the Netherlands are joining forces to create a joint venture company aimed at introducing mobile payments at the check-out.

Consortium members ABN Amro, ING, KPN, Rabobank, T-Mobile and Vodafone have signed a letter of intent to create a single uniform system for mobile transactions in the Netherlands. Research conducted by the group concludes that it is both "technically and commercially feasible" to create a national infrastructure for mobile payments at the check-out.

"To bring this about, the six companies plan to set up a joint venture," says the group in a statement. "By affiliating themselves to the system, all banks, mobile providers and other service providers will ultimately be able to provide their services by telephone."

Slated for introduction in 2012, the scheme will use NFC-based contactless technology and payment software located in a secure part of the SIM-card in the user's phone.

As well as the potential to make in-store cash payments, other applications such as admission tickets, coupons and customer cards will also be made available says the group.

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

Wells Fargo joins Visa NFC m-payments trial

Wells Fargo joins Visa NFC m-payments trial

03 September 2010  |  12030 views  |  0 comments
US telcos team on contactless m-payments venture - Bloomberg

US telcos team on contactless m-payments venture - Bloomberg

02 August 2010  |  11735 views  |  0 comments
EPC explores m-payment and Sepa

EPC explores m-payment and Sepa

06 July 2010  |  14073 views  |  1 comments
Soaring mobile payments uptake in 2010 - Gartner

Soaring mobile payments uptake in 2010 - Gartner

22 June 2010  |  10806 views  |  1 comments | 1 tweets
Nice turns into mobile contactless city

Nice turns into mobile contactless city

21 May 2010  |  10637 views  |  0 comments
Chinese players form m-payments alliance

Chinese players form m-payments alliance

13 May 2010  |  11107 views  |  0 comments
Slovenian contactless m-payments trial to launch

Slovenian contactless m-payments trial to launch

12 February 2010  |  8069 views  |  0 comments
Dutch to ditch cash by 2015 - report

Dutch to ditch cash by 2015 - report

10 February 2010  |  14680 views  |  11 comments
National Bank of Kuwait launches contactless m-payments trial

National Bank of Kuwait launches contactless m-payments trial

21 October 2009  |  10008 views  |  0 comments
Barclaycard and Orange team on contactless m-payments

Barclaycard and Orange team on contactless m-payments

09 March 2009  |  15970 views  |  0 comments
Consumers dialling up mobile payments

Consumers dialling up mobile payments

06 March 2009  |  6058 views  |  0 comments
NFC mobile payments put to the test in Thailand and Japan

NFC mobile payments put to the test in Thailand and Japan

12 February 2009  |  7398 views  |  0 comments
Soaring customer satisfaction for French m-payments scheme

Soaring customer satisfaction for French m-payments scheme

02 July 2008  |  8572 views  |  0 comments
DnB Nor and Telenor form mobile payments unit

DnB Nor and Telenor form mobile payments unit

21 April 2008  |  8743 views  |  0 comments
ING teams with MasterCard for m-payments system

ING teams with MasterCard for m-payments system

01 February 2008  |  8316 views  |  0 comments

Related company news

 

Related company information

ABN Amro

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.comvisit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14553 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13133 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
9012 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8003 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7661 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job