Cell Phones and a Cashless Society

Cell Phones and a Cashless Society

Banks, Telecoms Unite to Bring Contactless Mobile Payments to the Netherlands

September 10, 2010

Contactless News - ABN AMRO, ING, KPN, Rabobank, T-Mobile and Vodafone have signed a letter of intent to jointly introduce point of sale mobile payments in the Netherlands.

According to the partners, this marks the first time that major banks and mobile operators in a European country have joined forces to facilitate the adoption of a unified contactless mobile payments system.

The companies expect that such a system will be in place by 2012, allowing customers to pay easily and safely at the checkout line with a wave of their mobile phones.

The partners also foresee the future use of other NFC applications such as electronic ticketing, mobile coupons and customer loyalty schemes.

Dutch Banks and Mobile Operators to Launch National NFC Service

T-Mobile, Vodafone, KPN, ABN Amro, ING and Rabobank have signed a letter of intent to jointly introduce NFC across the Netherlands from 2012.

September 9, 2010

NearFieldCommunicationsWorld.com - Three Dutch banks and three mobile network operators have signed a letter of intent to jointly introduce NFC-based payments in the Netherlands.

Under the terms of the deal T-Mobile, Vodafone, KPN, Rabobank, ABN Amro and ING will set up a joint venture company which will be responsible for introducing and managing the new service. They expect commercial services to begin in 2012.

The deal marks the first time major banks and mobile operators in a European country have joined forces to introduce near field communication technology.

"Many different parties are involved in providing this type of mobile payment service," say the partners. "In terms of ease of use as well as safety it is essential to create a single uniform system for mobile transactions in the Netherlands, based on international standards."

"By affiliating themselves to the system, all banks, mobile providers and other service providers will ultimately be able to provide their services by telephone," they add. As well as payments, other applications such as admission tickets, coupons and customer loyalty and membership cards will also be introduced.