Monday, September 26, 2011

Savings reject Google's payment system "Wallet" from

Savings reject Google's payment system "Wallet" from

A collaboration with Google and its mobile payment system, "Wallet "
come for the most part, local savings banks in question only when German
demands would be met at the said Notice, Wolfgang Adamiok the Savings
Bank Association DSGV the magazine Focus. "We do not currently see,"
said the Head of Payments by DSGV. They therefore prefer to sit on the
NFC chip in the card's own savings, they could not guarantee his safety.
"The same applies also to establish direct cooperation with the German
mobile wireless operators," said Adamiok. The payment authority and the
associated data security should always lie with the banks. Savings Bank
to pay customers with the phone can become, it will take longer, the
report said. Critics particularly the public financial institutions
sleepiness.

The report also states, including the German mobile phone companies, it
has not been successful in bringing a separate system on the market. The
participating German Telekom admitted on request, give the joint project
of three mobile operators with the name mpass there is no start date.
After researching the Focus, especially the negotiations with German
banks would not advance, since it would require financial institutions
to pay the money for mobile operators, payment functions would if the
mobile phone. Rejected such a fee but some banks and savings from the past.

At the Munich-based manufacturer of banknotes and mobile phone SIM
cards, Giesecke and Devrient (G & D), one is convinced, however, that
the initial difficulties will be of contactless payment by mobile phone
(NFC) will soon be overcome. "I expect that there will be worldwide in
2015 at least 200 million mobile phones with NFC technology," said the
CEO of G & D Mobile Security, Michael Kuemmerle, the magazine.

The car was their payment system with "touch point" even further. "From
1 November, all customers who own a smartphone with NFC chip, in Germany
the opportunity to ride in the mobile and long distance train," a
railway spokesman is quoted as saying. So far, the work and only in some
regional networks for Telecom and Vodafone customers.

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