Contactless payment by mobile phone - technically possible, work continues on requirements for commercial use

Contactless payment by mobile phone - technically possible, work continues on requirements for commercial use
Insights from pilot test by Credit Suisse, PostFinance, SIX Multipay, Swisscard, Swisscom and Visa Europe
In the fall of 2008, Credit Suisse, PostFinance, SIX Multipay, Swisscard, Swisscom, and Visa Europe tested contactless payment using Near Field Communication (NFC) technology for payments made at the point of sale by mobile phone and credit card - the results are interesting. Although from a technical point of view an imminent rollout would be possible, certain requirements for commercial implementation still have to be met. Discussions on these requirements are ongoing.

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