Categories
Close
Menu
Menu
Close
Search
Search

Featured Articles

News

Payment by mobile phone number expected to be accepted on most UK accounts next year

Mark

Share:

Print

Rate article:

No rating
Rate this article:
No rating

Financial institutions representing 90% of all current accounts in the UK have committed to launching a new mobile payment service in spring next year. Customers will be able to make payments by quoting the recipient’s mobile phone number instead of their bank sort code and account number.

Mobile payments will be available to customers of Barclays, Cumberland Building Society, Danske Bank, HSBC, Lloyds Banking Group, Metro Bank, Royal Bank of Scotland and Santander UK. Discussions involving other payment services providers are currently taking place.

Customers simply need to register their mobile phone number with their bank when the scheme launches.

This new project has been set up by the Payments Council, which is formed from payment service providers in the UK.

Adrian Kamellard, Chief Executive of the Payments Council, said “The mobile payments project is a fantastic example of the unique role the Payments Council can play in delivering far-reaching, innovative improvements for customers. This new service will offer a simple, secure way to split a bill for dinner, receive money from a friend or pay a tradesman without needing to remember or share account details.”

Last year Barclays launched Pingit, a mobile payment app that enables smartphone users to transfer money by using a mobile phone number to identify the recipient. Unlike the proposed scheme from the Payment Council, both sender and recipient need to register their bank details with Barclays Pingit.

Comments

Collapse Expand Comments (0)
You don't have permission to post comments.

Opinion Articles

ExclusiveAn introduction to Social WiFi

Hazel Allsopp of Purple WiFi writes:

Retail and hospitality businesses have long been aware of the need to offer free WiFi access to their customers. The use of smart phones is becoming increasingly widespread, and people expect to get online wherever they are, whatever they’re doing.

The latest large brand to recognise this is Intercontinental Hotels Group, who announced last month that they would be offering free access to 71 million loyalty scheme members’ worldwide. The decision was made in response to a survey in which 43% of guests said they wouldn’t stay in a hotel if it didn’t offer free WiFi.

ExclusiveLast week at The Fonecast: 8th April 2013

Mark Bridge writes:

Let’s start with a slightly belated birthday wish to the hand-held mobile phone, which made its first public appearance on 3rd April 1973. At that point we’d had carphones for a while… but this was the first time anyone had heard the phrase “Sorry, I’ve got to go, the battery’s running out” spoken in public. Or something like that.

ExclusiveThe Cell Phone Turns 40

Rick Pantaleo of voanews.com writes:

Forty years ago today the cell phone era began on the streets of New York City. The historic first cell phone call was made by Martin Cooper, director of systems operations for the communications division of the Motorola company, to his main rival at Bell Labs.

RSS
First1819202123252627Last

Recent Podcasts

ExclusivePodcast from Mobile World Congress 2015

Mark Bridge learns about the mobile technology trends at Mobile World Congress 2015 by chatting to James Rosewell of 51Degrees, Dr Kevin Curran from the IEEE and Chris Millington of Doro.

They talk about wearable devices, wireless charging, mobile operating systems and much more... including some of their favourite products from the exhibition.

ExclusiveLooking back at February: from security scares to multiple MVNOs

We're taking a look back at the biggest mobile industry news stories from February 2015, including allegations that the UK's security service tried to breach SIM card security by hacking into one of the world's biggest SIM producers.

We also talk about the planned BT and EE merger, the creation of two new UK virtual networks, some acquisitions in the mobile payment arena and a new Ubuntu smartphone.

ExclusiveA month of mobile: O2 counts on 3, Microsoft counts to 10 and Apple counts its profits

We're back with a month of mobile industry news, including takeover talks and takeover rumours. O2 and Three are said to be discussing a merger... but is there any truth in the suggestions that BlackBerry could be up for grabs?

We also discuss Apple's record-breaking quarterly figures, the highlights of CES and the launch of Microsoft Windows 10, as well as saying farewell to the current version of Google Glass.

RSS
12345678910Last

Follow thefonecast.com

Archive Calendar

«May 2026»
MonTueWedThuFriSatSun
27282930123
45678910
11121314151617
18192021222324
25262728293031
1234567

Archive