Orange and Barclaycard have launched what's being described as the UK's first contactless mobile phone payments service.
It's called Quick Tap and uses an NFC-equipped SIM card from Gemalto, enabling customers to make purchases of £15 and under nationwide at over 50,000 stores that have adopted the MasterCard PayPass contactless payment system.
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James Rosewell writes:
For those that don't regularly watch the BBC News Channel at 5pm here's a rather hasty recording of an interview with our very own Mark Bridge concerning "Quick Tap"; a rather underwhelming new mobile payment product from Orange and Barclaycard.
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Iain Graham, James Rosewell and Mark Bridge talk about the problems facing the introduction of mobile payment services - and Yossi Yarkoni of DigiMo introduces a new m-payment platform that requires no additional hardware at the Point of Sale.
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O2 has announced the financial services companies it'll be working with when it launches a 'mobile wallet' service later this year. It first confirmed its plans in February.
The mobile wallet will be launched under the O2 Money brand and will include m-commerce, airtime top ups, contactless NFC payments and peer-to-peer money transfers.
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Lloyds TSB has been announced as the bank that'll be behind mobile payments on the forthcoming Samsung Olympic and Paralympic Games mobile phone.
It means that the NFC-equipped handsets given to Visa-sponsored athletes will be linked to Lloyds TSB accounts.
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