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# 100045 2-Apr-2012 11:49
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Not sure if anyone else has seen this but.


FUTURE OF MOBILE PHONE PAYMENTS A STEP CLOSER IN NEW ZEALAND
2 April 2012
Paymark, Vodafone New Zealand, 2degrees and Telecom New Zealand today announced plans to bring the future of mobile payment services to New Zealand.

The four companies intend to form a joint venture to launch a trusted service manager (TSM) which will allow New Zealanders to make secure payments, collect loyalty points and use public transport with their mobile phones.

This exciting initiative will create the infrastructure necessary to enable many of the cards held in a wallet today – bank cards, loyalty cards or transport tickets – to be replaced by applications securely stored in a virtual wallet on a mobile phone.

The service will use near-field communications (NFC) technology, which is the global standard for this type of function, to enable the secure transfer of information stored on the customer’s phone to a retailer’s EFTPOS terminal.

At the check out, customers will be able to make payments by simply holding their mobile phone within a couple of centimeters of an NFC enabled payment terminal. The mobile phone communicates remotely over this small distance directly with the NFC reader to complete a transaction. The payment software is located in a secure part of the customer’s phone and the payment transaction is sent over the banking network the same way it is today.

This landmark collaboration between two significant NZ business sectors will bring together the expertise and technology of New Zealand mobile network operators with payments provider, Paymark.

This collaborative approach to developing the NFC ecosystem will mean quicker development of new and innovative services delivered in a seamless way to customers, while lowering costs and simplifying the process for merchants. New Zealand’s payments industry has a history of successfully building shared
infrastructure through collaboration, and this new joint venture plans to emulate that success for the next generation of technology.

Paymark CEO, Simon Tong, says the collaboration between Paymark, Vodafone New Zealand, 2degrees and Telecom New Zealand will result in an effective infrastructure that will benefit all New Zealanders.

“It’s the first time this particular mix of organisations has come together to provide a centralised TSM which will offer world-class, yet low-cost infrastructure – something New Zealand is well-known for around the world. Our priority is to ensure that the technology adheres to the most rigorous global standards so that customers have a great and safe experience with the applications provisioned using the technology,” says Simon Tong.

Based on the collaboration of the four parties, the aim is to create an ecosystem open to all, where banks, mobile operators and others such as loyalty schemes, transport companies etc can take part. The TSM is being built with the intention of providing one, open-access, solution for the New Zealand market, to help encourage wide-spread consumer uptake and avoid customer confusion.

In the telco space, Telecom, Vodafone and 2degrees will continue to compete vigorously for customers by developing their own innovative services on top of the open platform infrastructure provided by the TSM.

Telecom CEO, Paul Reynolds, says that as we saw with the arrival of EFTPOS in the 1980s, New Zealanders have a track record of being early and enthusiastic adopters of transformative payments technology.

“Mobile phones are already an indispensible part of New Zealanders’ lives. Through the TSM initiative, Telecom is proud to be helping make the Smartphone even more versatile, building on the innovation and choice we offer to our customers across New Zealand.”

2degrees CEO, Eric Hertz, comments: “Over the past decade, our mobile phone has swallowed our newspaper, our map and our camera to become an essential all-inone device. The logical next step is to make it even more convenient by having it swallow our wallet, and making it the only thing you need to grab when you leave the house in the morning.”

Vodafone CEO, Russell Stanners, says turning a smartphone into a mobile wallet is yet another innovation from the New Zealand mobile industry.

“The mobile phone has been transforming the way we live for almost 20 years, and alongside our wallet and keys, is the item most people never leave home without. By partnering with the mobile and banking industries to develop the TSM, Vodafone is pleased to give New Zealanders yet another reason to live life on their smartphone…and one day in the near future, leave their wallet at home for good.”

-ENDS-

For all media enquiries please contact Kelly Bennett, Eleven PR, on 021 380 035 or via email: Kelly.bennett@elevenpr.co.nz


I personally think this is very very cool stuff.  But I am biased :)

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  # 603957 2-Apr-2012 16:10
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I would be interested in this but:

Not sure about which technology platform you plan to use?
Is it maybe going to be sim based (gets around phone compatibility issues)?
Are you going to charge me money to use it or store my money on it?

Jon




1948 posts

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  # 603987 2-Apr-2012 16:33
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I'm pretty sure (and this is taking my own personal non-Telecom related knowledge from my life before Telecom) that this will be Sim card based.  As that would mean your wallet would be completely independent from your phone.

And I would assume similar to all other micro-payment NFC cards it would support putting money into the secure element of the Sim Card.

All these details are my own pure speculation as to how it will all work.  But this is how I have seen it work elsewhere in the world and I couldn't see it being any different here.

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