Friday, 25 November 2011

No Wallet Required: The British High Street in 2016

You won't need your wallet to go shopping on Britain's high streets in 2016 according to a new report by PayPal. 'Money: The Digital Tipping Point' - says that 2016 will be the year when UK shoppers will be able to use their mobile phones to pay for things on the high street with digital money rather than cash, cheques or cards. PayPal's findings are based on a commissioned survey conducted by Forrester Consulting on PayPal's behalf consisting of interviews with 10 senior executives from major UK retailers and other businesses, representing a combined 2010 turnover of 85 billion-pounds.

45 million Britons use a mobile phone and 49% of mobile buyers surveyed by Forrester Consulting use their mobile phones to purchase products at least once every three months. In the future a whole range of devices will be used to make payments direct to the retailer - regardless of whether you're in store or shopping online.

Carl Scheible, Managing Director of PayPal UK said: "We'll see a huge change over the next few years in the way we shop and pay for things. By 2016, you'll be able to leave your wallet at home and use your mobile as the 21st century digital wallet. We're not saying cash will disappear entirely, but we'll increasingly use our phones and other devices rather than our wallets to pay in-store as well as online. Children born today will become the UK's first 'cashless generation'. It will be completely natural for them to pay by mobile".

Southern Railway Passengers' Trial New Smart Card Ticketing Scheme

Under-Secretary of State for Transport, Norman Baker MP has launched Southern Railway's new smartcard pilot scheme. The rechargeable ITSO compliant smart card called "the key" provides an alternative to paper tickets and makes buying tickets and travelling easier and more convenient for passengers.

The pilot is taking place at all rail stations between Brighton and Seaford where ACT's Retail POST software has been installed on Ticket Vending Machine (TVM) station hardware to support the smart card initiative. Around 100 passengers and railway staff are piloting the scheme but it will be offered to more passengers at the end of the three-month trial.

As well as providing the central customer and card management (CMS) back-office systems so that Southern rail can manage the customer lifecycle, ACT provides the central ticket transaction and security system called the HOPS which transacts all journey transactions. In addition ACT managed the integration of multiple complex interfaces with devices such as rail gates, ticketing portals and station validators. As the ITSO design authority on many successful projects, ACT was able to draw on its vast ITSO experience to deliver smart ticketing capability to Southern Rail.

Speaking at the launch, Mr Baker commented, "Smart ticketing is already beginning to make a positive impact across the country. My vision is of a transport system where we can enjoy seamless travel on one smartcard. I will be following the progress of this trial closely."

SIMalliance Open Mobile API Release 2 Now Available

With the news that SIMalliance Open Mobile API Release 1 is being specified by an increasing number of mobile network operators and already implemented by some handset manufacturers as the de facto standard for access to the Secure Element (SE), SIMalliance has announced the availability of its Open Mobile API Release 2.

Featuring a new service layer, the new Open Mobile API Release 2 enhances the current transport API to provide a more intuitive interface and increasingly powerful functionality to make it easier for developers to connect their applications to the Secure Element within todays feature phones and smartphones.

According to Frederic Vasnier, Chairman of the Board, SIMalliance: "The importance, and the adoption, of Secure Element(s) in the device is now beyond question. The challenge for the developer community has always been how to access SE(s) to fully secure their services in the most straightforward manner. With the launch of the SIMalliance Open Mobile API Release 2 that barrier has now been removed and will stimulate the creation of a host of new payment, loyalty and identity management services."

The Open Mobile API Release 2 will be showcased as part of a Webinar on Secure Authentication for Mobile Internet Services on 1st of December at 15:30 GMT (London), 16:30 CET (Paris), 7:30 PST (San Francisco).

Join us for this FREE Webinar on

De La Rue plc Interim Statement Six Months to 24 September 2011

After past uncertainties De La Rue have bounced back to report a 22% profit. Profit before tax and exceptional items rose to UK 29 Million-Pounds, with Banknote print volumes up 12% to 2.8bn notes.

Commenting on the results Nicholas Brookes, Chairman said: "We have delivered a strong first half performance with banknote print volumes materially above the previous half year. Our Solutions business unit completed the successful ramp up of the UK Passport contract and sales of the large banknote sorter remain good. Our strong order book in the Currency business unit underpins our confidence in meeting our expectations for the full year."

Oyster Card Triumphs in London

New online research from YouGov's London Omnibus reveals that the Oyster card is the payment option of choice for most Londoners with 76% owning one. The majority of Oyster owners use it at least once a week (71%) and just under a quarter use their Oyster card every single day (23%).

Surprisingly despite Oyster cards being a popular method of payment for most Londoners, there are still a significant percentage of London residents that don't own an Oyster card (24%). And this figure increases with age as over just over half of 55+ year olds choosing not to own one (53%).

VocaLink Team up with Clear2Pay and Fundtech to Offer Immediate Payments

VocaLink are teaming up with both Clear2Pay and Fundtech to bring the industry one step closer to achieving global Immediate Payments. The partnerships enable banks to provide their customers with an end-to-end, inter-bank, real-time payments service, with the inclusion of multi-channel service options such as mobile.

Since VocaLink launched of the UK's Faster Payments Service in May 2008, the company has securely processed more than one billion transactions, both online and through traditional inter-bank transfers.

Building on the success of the real-time payments infrastructure, VocaLink partnering both with Clear2Pay and Fundtech are now able to provide an end-to-end solution that supports real-time payment processing from the central switch thorough to a bank's back office. The combined capabilities deliver a national, real time payments capability and a proven solution that enables banks to make an efficient and effective transition from their existing payments capability to a real-time, immediate service.

The new offering means financial institutions can integrate their systems with the Immediate Payments solution and, for the first time, realise and pass on the benefits of Immediate Payments to their corporate and consumer customers. This will facilitate the global adoption of new payment channels, such as p2p (peer-to-peer) payments via the mobile. Not only does this present a richer consumer proposition, but it also reduces settlement risk, and keeps money flowing within the economy.

Marc Terry, Managing Director, Global Transaction Services at VocaLink, said "The drive towards immediacy in payments is becoming increasingly important as consumers want to make payments from anywhere, at anytime. At VocaLink we understand the need for an integrated end-to-end payments system and are extremely pleased to be working with both Clear2Pay and Fundtech to accelerate the move towards global immediate payments."

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