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

  • Developments in security for wireless communications networks
    July 20, 2012
    David Crawford looks at new developments in security for wireless communications networks. Wireless communications - including mobile phone links - are well recognised as a key transport technology. They are low-cost, easily installed, well supported by the wider IT industry and offer the protocols of choice for much metropolitan area networking on which transport applications can piggyback.
    Read More
  • Entrust Datacard merger helps secure digital future in IoT era
    November 5, 2014
    s smart devices and e-transactions proliferate in the Internet of Things (IoT) era, newly-merged business Entrust Datacard is uniquely placed to secure the connections between them, says its CEO Todd Wilkinson. The company, formed from Datacard Group and Entrust and formally united at CARTES SECURE CONNEXIONS this week, combines broad and deep expertise in hardware and software together with the know-how to combine them.
    Read More
  • Google launches NFC-enabled transit payment card in Kenya
    June 11, 2012
    Google launches NFC-enabled transit payment card in Kenya Google has launched Beba in Kenya, a pre-paid NFC (near field communication)-enabled card to allow cash-free payment of bus fares by transit travellers. According to TechMtaa, an African technology website, the move was expected, and is rolling out first in Nairobi. The card, which can be loaded with up the local equivalent of US$115, is likely attractive to customers, as it may help them dodge rising rates, or bus drivers that don’t provide exact or
    Read More
  • Tolling systems - interoperability is key
    January 25, 2012
    Is US tolling as fragmented and divided as some would have you believe? And are the technology suppliers so very entrenched? ITS International spoke to the market's leading suppliers. A few years back, the prevalent view was that the North American tolling market was characterised by fragmented, proprietary solutions, each existing in splendid isolation. The reality is that a combination of pragmatism and good old market forces have seen some concerted moves made towards interoperability in many areas.
    Read More

Highlighted Content