French telecom operators join forces on mobile payments

The upcoming service will allow users to link bank cards with mobile phones

Bouygues Telecom, Orange and SFR have formed a new joint venture that will use cell phones to help make online payments in France safer, the operators said on Thursday.

The joint venture is called Buyster, and Atos Origin's Worldline subsidiary, which specializes in electronic payment services, has also joined to help make it a reality.

To use the upcoming service, users first need to register with Buyster, which enables a bank card to be linked to the user's cell phone number in a secure way, according to the companies. To make an online payment, users first enter their mobile phone number and password. They then receive a message with a one-time password that is entered on the website to finalize the transaction, a spokeswoman at Orange said.

The service will be free and available to cell phone users, irrespective of their operator. The launch is planned for the middle of 2011. So far, there are no short-term plans for a launch outside of France, the spokeswoman said.

Buyster is still in the process of being incorporated, and its status as a payment institution still hasn't been granted by the French central bank, Banque de France, it said.

Gradually, the mobile phone is taking a more central role in how transactions are secured, money transferred and goods paid for all over the world. The interest in payments from mobile phone service operators make sense, because they are hoping to find a new revenue source, according to Sandy Shen, research director in Gartner's Mobile Devices and Consumer Services group.

Using mobile phones to verify transactions may help appease consumer security concerns. However, the jury is still out on using the mobile phone to pay for goods. Operators have to prove there is a business case that makes sense for both retailers and consumers, Shen said.

Send news tips and comments to mikael_ricknas@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags smartphonestelecommunicationPhonesconsumer electronicsorangeAtos OriginPhone applicationsCarriersBouygues Telecom

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?