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UK: Major UK Bank Launches Large M-Payment Trial with iPhone Attachment

Scope: 
Trial
United Kingdom
51.5001
-0.12624
Launch: 
Oct 2012
Main Application: 
Payment
Mobile Operator: 
N/A
Service Provider (application): 
NatWest (Royal Bank of Scotland Group) (Visa payWave
Merchants: 
140,000 POS terminals in UK supporting Visa payWave, others abroad
Users: 
1,000
NFC Handsets: 
N/A
TSM*: 
Giesecke & Devrient
Secure Element: 
Embedded
Other Vendors: 
Wireless Dynamics (iCarte 420), NXP Semiconductors (NFC chip, secure element)

UK bank NatWest has enabled 1,000 customers to tap to pay with its TouchPay service using a Visa payWave applicati

NFC Times Take: 

It's believed to be the first major NFC or contactless-mobile payment project by any part of the RBS Group, which is NatWest's parent. NatWest is RBS's major retail banking unit in England and Wales. RBS held a small internal trial of NFC payment five years ago at its Edinburgh headquarters, but had been silent with NFC since then. The foray into mobile payment helps RBS start to close the m-payment gap with rivals Barclays and Lloyds.

 

* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.
 
 N/A: Not available or not applicable.
 
Last update: Oct. 2012

 

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Australian Bank Launches NFC iPhone Add-on, as Country's Contactless Infrastructure Grows
Australia: Bank Launches iPhone App Supporting Contactless and P2P Payments
Australian Bank is Latest to Announce Plans for M-Payments Using iPhone Case

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