Austrian mobile payments group reveals new Wallet Initiative

A group of Austria's leading banks, card payment providers and related companies have joined forces to create the Austria Card 'Wallet Initiative' in order to create an open, nationwide standard for mobile wallets. The aim of the standard is to help consumers make contactless payments with their mobile phones via a mobile card as well as enabling them to use special offers by simply tapping their phone at the checkout, in much the same way they would use loyalty cards, vouchers, and coupons.
October 31, 2013 Read time: 2 mins
A group of Austria's leading banks, card payment providers and related companies have joined forces to create the Austria Card 'Wallet Initiative' in order to create an open, nationwide standard for mobile wallets.

The aim of the standard is to help consumers make contactless payments with their mobile phones via a mobile card as well as enabling them to use special offers by simply tapping their phone at the checkout, in much the same way they would use loyalty cards, vouchers, and coupons. MasterCard and Visa payments are also integrated.

The group has conducted its first tests of the near field communication (NFC)-based standard, is running a nationwide pilot project during late 2013 and aims to be market-ready in 2014. The standard is expected to be accepted across a wide range of different providers and sectors including retail, transport, ticketing, security and banking.

Mobile network operators will also offer a secure NFC-SIM card option. Members of the initiative include Austria Card, Card Complete, Drei, Erste Bank, First Data Austria, MasterCard, Nexperts, PayLife Bank, T-Mobile and Visa.

Related Content

  • Need for harmonisation in ITS standards
    February 1, 2012
    As the calendar rolls over, and we hop from continent to continent and World Congress to World Congress, where Memoranda of Understanding and cooperation agreements are the headline news, it is easy for those not intimately involved to forget that standards definition is a well-nigh continual process. Significant progress has been made in recent months towards achieving the critical mass and economies of scale which are going to drive development and deployment in, amongst other things, cooperative infrastr
    Read More
  • Economic stimulus and investment in ITS solutions
    February 2, 2012
    Scott Belcher, President and CEO of ITS America looks at the year ahead
    Read More
  • Level of MaaS provides step-by-step roadmap to integrated transport
    August 22, 2018
    Transportation consultant Jack Opiola considers how a ‘Levels of MaaS’ approach - along with the concept of ‘co-opetition’ and increasing public acceptance - can smooth the journey to a future with more sustainable mobility The premise of Mobility as a Service (MaaS) is simple: the seamless, infinitely adaptable delivery of mobility, together with associated information, ticketing, and payment services, across all modes of transport. All of this is in near-real time - or predictively, wirelessly, securely
    Read More
  • Smart Ticketing Alliance promises smart ticketing interoperability
    July 1, 2013
    Following the 2012 memorandum of understanding, a Smart Ticketing Alliance Charter has now been agreed by representatives of VDV KA (Germany), ITSO (UK), AFIMB (France), the Calypso Network Association and UITP (International Association of Public Transport). This is a step forward in making transport ticketing across parts of Europe simpler and easier for passengers, by creating a platform for cooperation throughout Europe and globally. It represents a coordinated approach for establishing smart ticketing
    Read More

Highlighted Content