Re: Mobile cash system 'this year'

http://www.barclays.co.uk/Mobile/BarclaysPingitvideotutorials/P1242605964622

Some nice video tutorials.  On the RHS there's a video 'how to make a
payment'.

On 21 February 2012 18:20, Melvin Carvalho <melvincarvalho@gmail.com> wrote:

> An industry-wide scheme to make sending cash via mobile phone as easy as
> texting will be in place this year, the UK payments body has said.
>
>  Customers who register for the service will have their mobile numbers and
> account numbers linked on a central database and the initiative will be
> available to banks and building societies before the end of 2012, the
> Payments Council said.
>
>  The service can be used by any smartphone with an internet connection on
> any network and is intended as a base for banks to build their own
> competitive services.
>
>  Huge leaps in mobile payment technology are set to take hold this year,
> with Barclays last week unveiling a free app enabling people to send and
> receive money by using mobile phone numbers.
>
>  Barclays plans to make the Pingit app available to all UK adults from
> next month, regardless of which bank or building society they use.
>
>  Richard Martin, head of innovation at the Payments Council, described
> mobile payments as a "rapidly developing marketplace" with "limitless"
> possibilities.
>
>  He said he expected the Payments Council's scheme would "co-exist"
> alongside a number of innovations.
>
>  Mr Martin said: "What we're doing is offering a common infrastructure
> that any institution can plug into. Our role will be to set out some
> minimum security requirements."
>
>  Mr Martin said the body had considered how the payments might be used,
> for instance paying a friend or relative or a sole trader such as a plumber
> or window cleaner, all cases in which cash or a cheque might traditionally
> have been used.
>
>  "Our proposition is giving consumers the option of simply and quickly
> firing off an electronic payment," he said.
>
> http://web.orange.co.uk/article/news/mobile_cash_system_this_year
>