Follow Us

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

Gemalto and CorFire to help Vodafone deploy NFC services

Vodafone plans to launch its mobile wallet service next year

Article comments

Vodafone Group has announced new deals with digital security firm Gemalto and m-commerce company CorFire to help develop its mobile wallet offering.

Gemalto announced today that it will operate Vodafone Group's global Trusted Service Management (TSM) platform and deploy Near Field Communication (NFC) services solutions.

Meanwhile, CorFire will provide its CorPay mobile wallet software, which works in NFC and non-NFC environments, and can leverage the phone's secure element to encrypt and store personal account information.

These two deals will pave the way for secure “wave and pay” contactless transactions via mobile phone, as well as for related services that demand high levels of security, according to Vodafone. They build on the NFC trials the that Vodafone has been carrying out with Visa since February 2012.

Key elements of Gemalto's solution include its Allynis TSM service platform (which ensures end-to-end security encryption between financial institutions and mobile operators) and the company’s UpTeq NFC high-end card product.

Gemalto’s solution will also allow both Vodafone subsidiaries and third party service providers such as banks, transport operators and retailers to plug into the NFC ecosystem.

CorFire's platform relies on a full client/server architecture that allows the support of scenarios such as phone change and SIM switching. Dr. Jae Chung, CorFire’s president and CEO, said the collaboration will enable financial institutions, transit authorities, merchants, and enterprises to leverage the mobile channel to expand their customer reach.

“We are committed to partnering with the best suppliers to offer customers the speed, simplicity and convenience of managing everyday transactions with a single wave or tap of their smartphones” said Christian Wirtz, Vodafone Group’s mCommerce Director.

“The consumer benefits of contactless payments are obvious and the industry in Europe is now at the beginning of rolling out a contactless infrastructure. The potential of mobile to transform existing industries – such as financial services, retail and transport – is enormous.”

A Vodafone spokesperson told Techworld that the company is looking to launch the mobile wallet service next year. This service will comply with the Project Oscar standards, which aim to ensure interoperability between different operators' mobile wallet offerings.

This means that, much in the way you can send a text to someone on another network, you will be able transfer money or receive money, the spokesperson said.

Earlier this month, ABI Research forecast that the total value spend of NFC mobile payments will rise from $4 billion in 2012 to $191 billion (£119 billion) in 2017, breaking the $100 billion (£624 billion) mark in 2016.

Mobile payments and, more importantly, the convergence between payment types – proximity, P2P and online – stored on a single NFC handset will be the initial trigger, driving market convergence across a host of other markets, including ticketing, retail, loyalty, and access control.



Share:

More from Techworld

More relevant IT news

Comments



Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Techworld White Papers

Choose – and Choose Wisely – the Right MSP for Your SMB

End users need a technology partner that provides transparency, enables productivity, delivers...

Download Whitepaper

10 Effective Habits of Indispensable IT Departments

It’s no secret that responsibilities are growing while budgets continue to shrink. Download this...

Download Whitepaper

Gartner Magic Quadrant for Enterprise Information Archiving

Enterprise information archiving is contributing to organisational needs for e-discovery and...

Download Whitepaper

Advancing the state of virtualised backups

Dell Software’s vRanger is a veteran of the virtualisation specific backup market. It was the...

Download Whitepaper

Techworld UK - Technology - Business

Innovation, productivity, agility and profit

Watch this on demand webinar which explores IT innovation, managed print services and business agility.

Techworld Mobile Site

Access Techworld's content on the move

Get the latest news, product reviews and downloads on your mobile device with Techworld's mobile site.

Find out more...

From Wow to How : Making mobile and cloud work for you

On demand Biztech Briefing - Learn how to effectively deliver mobile work styles and cloud services together.

Watch now...

Site Map

* *