Telefónica, Vodafone and Orange, the big three mobile telecommunications operators in Spain have reached an agreement to establish a uniform standard for the business based on transactions via NFC a mobile phone, a technology that will validate any transaction with just bring the phone to a reader.
In practice, the agreement was the starting signal for the development in Spain of a unified standard payment system via mobile phone, which becomes and a competitor in the market for means of payment, credit cards and debit cards, known as plastic money. However it is not the only possible use as the NFC (not to be associated with mobile phones) are already widely used to control access to buildings.
NFC (Near Field Communications) can transmit data via a wireless signal from very short range (about 20 centimeters at most) that a reader can figure out when the device comes equipped with the NFC chip. In this way, can be used as electronic keys (access control, electronic ticket in public transport, catering), electronic tag (replacing tags BiDi) or checking, ie authentication of the user's presence at a particular point. This can be used, for example to automatically register on a wireless network wifi, or to change the status in a social network.
The agreement between the three operators is, in practice, the creation of a global technical standard. The intention of the operators is the creation of a unified market that allows rapid development of this technology to avoid the possible imposition of technical solutions that end up fragmenting the market and reducing their social impact.
Standardization is necessary because, otherwise, the stores have readers who would like to use this payment should have different models, one per operator, which costs vastly more expensive and would make it impossible to deployment. This ensures that all applications will be interoperable.
The technology standard is open to other operators (eg Telstra) and other companies that want to join, as financial institutions and issuers of payment instruments. The fact that they have agreed the technology does not mean that business plans are set. For example, an operator may try to develop a means of payment itself, outside the financial sector, while another group can partner with a bank or credit card issuers.
In France, for example, the three major operators (Orange, Vivendi and Bouygues, all French) have reached an agreement to achieve a level of business cooperation in the NFC much higher than that of the English players, as they have decided to create a joint venture, called Buyster, which also involve IT group Atos Origin specializes in online transactions.
Buyster The objective, which is scheduled to begin operations almost immediately, in the middle of this year is to capture 10% market Gallic electronic commerce, estimated at about 6,000 million euros. Buyster's ambition is demonstrated by the fact that even they are considering purchasing a bank tab to compete on all fronts of the means of payment.
The agreement between the three groups focused on technology that allows combining NFC with the SIM-card chip used by mobile to identify the user. Since the beginning SIM includes sophisticated encryption technology and mobile phone use is protected by a code number (PIN), the use of mobile phones as payment adds an extra level of security and customer protection.
Cooperation
The agreement of the three largest in Spain is another example of the new spirit of cooperation that has been set up between mobile telecommunications operators worldwide to tackle the threat of disintermediation is the growing power of Apple and Google in the market for smartphones and tablets.
The agreement of the three largest in Spain is another example of the new spirit of cooperation that has been set up between mobile telecommunications operators worldwide to tackle the threat of disintermediation is the growing power of Apple and Google in the market for smartphones and tablets.
In fact, on 21 February, the association GSMA, the global employer which includes network operators and handset manufacturers, announced its agreement to promote a global standard in the use of NFC, which joined first sixteen of the major operators worldwide, including three English. The agreement create a standard technology was a reaction from all major carriers to the threat posed by both Apple and Google have announced the addition of NFC technology in its upcoming devices.
Source: Expansion
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