Atos Worldline has launched a ready-to-go, Visa and MasterCard compliant near field communication (NFC) mobile payment application for card issuers worldwide. The end-user is able to pay at a fast growing number of contactless payment locations, simply by swiping their mobile phone against the payment terminal and keying their PIN code directly on their phone.
Built on an architecture combining mobile application and cloud services, the wallet will enable multiple, differentiating value-added services, such as cloud payment and NFC transactional services.
“Atos Worldline is focused on fostering and encouraging innovation. The Atos Mobile Wallet is an example of a product leveraging our unique combined expertise in both payment and mobile services. It shows our commitment as business technologists to enable the mobile payment revolution, by using the latest technology to the benefit of our customers and the end-users,” said Christophe Duquenne, chief executive officer (CEO) at Atos Worldline.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.
A global survey of 200 corporate treasurers by Temenos and Ovum shows that many expect at least some banking services to relocate away from London.
A survey of corporate decision makers across Europe finds that chief executives in more than half of the businesses canvassed take responsibility for the issue of cybersecurity.