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This saturday, the tv-programma Kassa discussed different features of credit-cards.
In the programma I've explained the product features. Jaap Koning, one of the directors of our central bank, stated explicitly that direct fees for payments were the best way forward to improve the efficieny of the payments system.
EE Times and Planet Multimedia report about the alliance of Visa and Philips to promote 'contactless' credit cards.
See also the press release at the website of Philips.
Following the settlement in the Wal-Mart case, on-line retailers may want to have a shot at the credit-card companies as well.Technoloy in principle allows the combination of front-end proximity technology with back-end credit-card infrastructure. It explains that wireless technology may be integrated in the mobile phone cover.No need for magstripe; just wave the phone near the payment terminal and another payment is made.The payment service providers, the telco's themselves, the independent companies such as mobile2pay and moxmo and the banks. As of July 1, European regulation endorses/encourages the use of the IBAN, the International Bank Account Number, for cross border payments. I've just heard of the case of a worldwide company that makes fotocameras and such, that has a European service network.So the broken camera goes to Belgium, while the money goes to Edinburgh.