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

  • Dundee trial offers insight into delivering MaaS in smaller urban and rural areas
    March 27, 2018
    A MaaS trial in Scotland will evaluate the attraction of such services for young people living in small cities and rural areas. Colin Sowman reports. It is often said that Mobility as a Service (MaaS) is fine in big cities - but what about smaller towns and rural areas? Well, the city of Dundee in Scotland has only around 150,000 people but is set to provide some answers with its trial of NaviGoGo, a MaaS operation aimed at 16-25 year olds – be they students, working or unemployed. By population, Dundee
    Read More
  • Include ITS in policy decisions from the start, not as an afterthought
    February 1, 2012
    DG TREN's Fotis Karamitsos, on why the European Commission's new ITS Action Plan is looking to the past for future direction. The European Commission's (EC's) new Action Plan for the Deployment of Intelligent Transport Systems in Europe, which was announced as 2008 drew to a close, intends that transport and travel become 'cleaner; more efficient, including energy efficient; and safer and more secure'. At first sight, that wording might be interpreted as marking a significant policy shift within Europe, wit
    Read More
  • Road user charging - replacing the gas tax with a mileage based fee
    January 19, 2012
    Oregon Department of Transportation's James Whitty discusses his state's progress with VMT fee-based charging. Back in 2001, the state of Oregon stole a lead on the rest of the US when it decided to address the need to do something about the gas tax and its decreasing ability to fund highway construction and upkeep. Recognising that a dwindling pot of money could only shrink further as vehicles became more fuelefficient, Oregon's Legislative Assembly passed laws which led to the setting up, by the state's g
    Read More
  • Gearing up for IntelliDrive cooperative traffic management
    February 1, 2012
    Beginning in the first quarter of 2010 it became evident that the IntelliDrivesm programme direction had been reestablished, by the USDOT's ITS Joint Program Office (JPO), after being adrift for a few years. The programme was now moving toward a deployment future and with a much broader stakeholder involvement than it had exhibited previously. By today not only is it evident that the programme was reestablished with a renewed emphasis on deployment, it is also apparent that it is moving along at a faster pa
    Read More

Highlighted Content