Enabling an universal contactless payment experience

Tuesday, Nov 17th, 2009, 12.00-12.30 hrs

The appeal of contactless payment to consumers has increased as more and more objects of the daily life, such as keys, watches and mobile handsets, are enhanced with secure contactless technology. The presentation outlines the experiences and results of using contactless devices with new form factors in existing payment implementations, including:

• BMW car key, Germany
• Contactless watches, Turkey
• NFC-enabled phones for microfinance schemes, India
• Mobile banking on contactless SIM card, Korea
• Contactless payment stickers, USA
• MicroSD Cards for payments, Asia
• Lufthansa Frequent Flyer Cards, Germany
• Government & Payment, ICBC driving license, China

Based on these real life examples various technology options for operators of payment schemes are discussed in order to create new service offerings enhancing consumer lifestyle, increasing customer satisfaction as well as safeguarding end user privacy.