BETTER-MOBILE-BANKING

Telstra in Oz are promising contactless payments sometime in 2009, catching up with Paymate who have been providing contactless payments since 2003
Speaking at this year’s Australian Smart Cards Summit in Sydney Telstra’s director of payments and trading solutions, Anthony de Jong, said we will begin to see live working trials early next year and by [...]

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I’ve been thinking about payments systems.
Credit Cards charge too much and make merchants pay for chargebacks. They aren’t secure and people worry about using them. But they’re ubiquitous.
PayPal and Pago in New Zealand and all their ilk internationally have the shortcoming of being stored value systems which have the danger of potentially arbitrarily freezing accounts. [...]

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An interesting article on how the UK Post Office have launched an electronic money transfer service. Got me to thinking…
PayPal is now a bank in Europe. they did this because the banking regulations didn’t allow them to sell their products to merchants in Europe. In the US they had the status of a Money Transmitter, [...]

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From American Banker
Though many mobile banking observers, inspired by recent deals, have focused on partnerships between software vendors and phone carriers, in the background several financial companies are exploring applications that can be used without securing carrier deals.
These alternatives, designed to work with phones from any carrier, typically use one of two features widely available [...]

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http://www.businessweek.com/technology/content/may2007/tc20070508_554969.htm?chan=search
The article reports on the introduction of the mobile-phone payment system in the U.S. According to the author, the practice is expected to gain traction in a matter of months when the likes of bigger, more established companies including banking powerhouse Citigroup and wireless behemoth AT&T kick off ad campaigns extolling the low cost and [...]

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