25 February 2018
visit www.ebaday.com

Bluetooth chip prices scare off banks

08 November 2000  |  2602 views  |  0 Bluetooth chip prices scare off banks

Bluetooth, the wireless technology specification for linking computer devices using radio waves, is unlikely to reach the mass market until 2002 because of high chip prices, according to new research from Boston-based Meridien Research.

The price of the Bluetooth chip, currently around $27, must fall to the $10 to $15 dollar range before it will be widely purchased by manufacturers and consumers, say Meridien analysts Randi Purchia and Jennifer Schmidt. "Based on our analysis, we don't think the chips will be that cheap anytime soon," Schmidt says.

MeritaNordenbanken, the largest Nordic banking group, with more than 6.5 million retail customers in Sweden and Finland, is planning a Bluetooth pilot in 2001 and is currently in talks with Nokia to see what can be done with payments through mobile phones.

The bank plans to pilot two applications next year: remote payments and a point-of-sale terminal. With the latter, the phone will communicate with the terminal initiating the sale, and customers will be able to pay for goods. Additionally, two individuals who both have Bluetooth devices will be able to conduct person-to-person payments with one another.

"MeritaNordenbanken is the first financial institution we've found with concrete plans to adopt the Bluetooth technology," Schmidt says.

KeywordsHARDWARE

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

UK mobile banking fails to pass user test

UK mobile banking fails to pass user test

29 September 2000  |  3665 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit https://www.capgemini.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12516 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10741 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9193 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8571 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8386 views comments | 11 tweets | 14 linkedin

Featured job

Basic c.£90K OTE c.£180K plus full benefits pac...
London based

Find your next job