Thursday 8 July 2010

Dutch Banks and Telcos to Move Forward on M-Payment Project


Three major Dutch banks and three mobile operators have decided to move forward with planning for an NFC mobile-payment launch in the Netherlands, NFC Times has learned.

The three Dutch banks, Rabobank, ING and ABN Amro; and three telcos, KPN, Vodafone Netherlands and Rabo Mobiel; gave the project the green light at a meeting June 28, following months of discussions, NFC Times has learned. The approval clears a major hurdle for the initiative and means the parties intend to move forward to lay the groundwork for a likely launch sometime in 2011–probably in the latter half of the year, sources told NFC Times.

But the parties are not releasing any details until they announce their plans, expected in a month or two. Representatives from KPN, Rabobank and ING, believed to be the most active members of the group, all issued nearly identical statements to requests for comment from NFC Times about the mobile-payment project.

“We are currently looking into the..................to read the full article click here

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