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New Zealand's Networks to Collaborate on Mobile Payments Standard

02 апреля 2012

New Zealand's three mobile networks, and the Bank-owned eftpos operator Paymark have announced plans to jointly work together on a single mobile payments standard for the country.

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.

The service will use near-field communications (NFC) technology to enable the secure transfer of information stored on the customer's phone to a retailer's EFTPOS terminal. 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.

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.

Источник: Cellular news

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