Banco Sabadell initiates NFC pilot trial

Banco Sabadell initiates NFC pilot trial

Banco Sabadell has partnered with Telefonica and BlackBerry to initiate a pilot test for payments with mobile NFC phones.

The participants in the trial can pay for their purchases using a Visa card embedded in the SIM on a BlackBerry Curve smartphone.

A mobile wallet app from Telefonica is used to make contactless payments at the terminal and to track spending.

Banco Sabadell last year started the roll out of contactless terminals across its merchant customer estate, both in new installations and via adaptation of existing terminals.

Earlier, the Spanish bank had forecast that mobile access could become the mainstream channel to the bank for many customers, with only one-in-five transactions in 2011 carried out via the branch network. Sabadell says that 80% of customer operations are currently carried out via remote banking. Of this figure, 15% of customers accessed their accounts via the different mobile phone channels.

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