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

  • Activu and Mitsubishi give New Jersey controllers the big picture
    May 27, 2014
    Mitsubishi and Activu team up to help New Jersey emergency centre with real-time situational awareness. Sandy was the largest Atlantic hurricane in recorded history, with winds spanning an area of 1,100 miles and damages estimated at $68 billion. It killed at least 286 people in seven countries, from Jamaica to the Jersey Shore. But tropical storms are not the only challenge for emergency operations up and down the East Coast.
    Read More
  • Towards common standards for cooperative road infrastructures
    July 23, 2012
    Michael Noblett of Connexis discusses international progress towards common standards for cooperative road infrastructures. Will vehicle safety communications standards be able to support ITS on the international level, or will we settle once again for regional interoperability only? The answer lies in the current status of the draft standards themselves, and the requirements users and authorities are placing on the people who draft them.
    Read More
  • Open data gives new lease of life to public travel information screens
    March 4, 2014
    David Crawford finds resurgent interest in travel information screens for buildings. With city governments worldwide increasingly opening up and sharing their public transport data for general use, attention is focusing on the potential financial benefits – to transit operators and businesses more widely. Professor Stephen Goldsmith, who directs the US’ Harvard University’s Data-Smart City Solutions Project says: “Amid nationwide public-sector budget cuts, open data is providing a road map for improving tra
    Read More
  • ITS initiatives provide travel information for disabled passengers
    December 4, 2012
    David Crawford investigates initiatives and issues in travel information for disabled passengers. World Health Organisation estimates suggest that 10% of the global population live with a disability. This can impact directly on their mobility, with implications for their independence; keeping active; and travelling to work, education and social activities; as well as the accessibility of information necessary to aid mobility. The EU-supported ‘CARDIAC’ project (Coordination Action in R&D in Accessible & Ass
    Read More

Highlighted Content