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

  • CreditCall unveils new EMV and mPOS solutions at CARTES 2013
    November 19, 2013
    In the US from October 2015, any merchant who has not completed migration to EMV-certified chipcard payment will have to carry the cost of any fraudulent transaction that it attempts to process. At CARTES 2013, and in order to help merchants de-risk and meet what is generally held to be an aggressive in-service deadline for change at a national level, multi-channel payment gateway specialist CreditCall is launching ChipDNA. This is a unique bundle, available to acquirers, processors and VARs, which d
    Read More
  • Masabi underpins tap-in on Bilbao buses
    March 4, 2021
    Justride platform will provide validation of cEMV on Spanish city's bus network
    Read More
  • Progress of ICT transport research projects
    February 3, 2012
    Juhani Jääskeläinen, head of the ICT for Transport Unit, DG Information Society and Media, European Commission, details the results of Call 4 for research projects in ICT for transport. Since the closure of the call and evaluation process during the summer of last year the European Commission (EC) has been negotiating and signing contracts with projects which were selected from proposals submitted to Call 4 of the 7th Framework Programme (FP7) in the area of Information and Communication Technology (ICT) fo
    Read More
  • Governments must look beyond short-term spending of public funds
    February 2, 2012
    Phil Pettitt, Chief Executive of innovITS, the UK's ITS Centre of Excellence, argues that governments need to look beyond the short-term when looking to pump-prime economic recovery with public funds. It seems, in the current economic climate, that a 'good' day is one in which no company is announcing job cuts or going into administration. Consumer demand is down and businesses are retrenching, cutting costs and fretting over the consequences of shrinking opportunities and order books. It has not been this
    Read More

Highlighted Content