Thursday, February 27, 2003

CP172: Electronic money: Perimeter guidance

The FSA has published a consultation paper dealing with the topic of what constitutes e-money. The paper contains two statements, that may not be compatible:
A. Therefore,in deciding whether a scheme involves issuing e-money,we shall not be influenced by artificial features of a scheme that seek to disguise the payment function as the supply of some other sort of service. These principles underpin our approach to defining the e-money perimeter set out in this CP and in the draft guidance in Annex 2.They will also underpin our future approach to determining whether particular schemes do or do not constitute the issue of e-money.

B. We also believe that prepaid airtime used to call PRS numbers does not constitute e-money where:
•the supply of telecoms services by the phone operator and the supply of services by the PRS provider can be seen as a single service;and
•the supply of the airtime and the supply of the PRS take place in the same action.
So where the goods or services or data are delivered to a mobile phone and consumed while the phone is being used,paying for them out of prepaid airtime does not give rise to a use of e-money.

Wednesday, February 26, 2003

Mobile Payment Services Association initiated

Douwe Lycklama wees erop dat Telecom Paper een interessant persbericht online heeft gezet.

Orange, Telefonica Moviles, T-Mobile and Vodafone today announce that they have signed an agreement to form a new Mobile Payment Services Association aimed at delivering an open, commonly branded solution for payments via mobile phones, designed to work across all operator networks. The solution will work across country boundaries and will seek to complement existing industry solutions. Its name and branding will be announced in due course.

Er wordt hier niet ingegaan op de regelgevende vraagstukken die momenteel spelen mbt rol telco's als. Geïnteresseerden wordt aangeraden de website van de FSA in de gaten te houden.

Friday, February 21, 2003

Visa reveals upcoming mobile top-up scheme with SMS

This article explains:

Credit card giant Visa is set to launch SMS-based mobile top-up services this year after taking on payment technology firm Upaid. The company said it is targeting its member banks and mobile operators with a Visa-branded service allowing pre-paid customers to top-up their mobile phones from debit or credit card accounts. Users would register for the service with their bank and send a text message, containing an amount and PIN, to tap new funds. Visa said it would begin trialling the service with a bank and GSM mobile operator in the second quarter of this year, but wouldn't give out further details.

Euronet Worldwide is buying an electronic payment company

Kansas City Star reports that Euronet Worldwide is buying an electronic payment company.

The purchase of E-Pay Ltd. expands Euronet's electronic payment network into a new area -- prepaid cell phone service.

E-Pay, which had sales of $24 million during the fourth quarter, is a 3-year-old company that processes "top up" payments for companies such as Virgin Mobile and T-Mobile in Great Britain. The company controls 35 percent of the top-up market in Great Britain, and 75 percent of the market in Australia.

The top-up system allows prepaid phone consumers to add minutes to their cell phone by purchasing time from retailers or through point-of-sale terminals.

"The number of electronic prepaid transactions is growing at a significant pace, and E-Pay has positioned itself to take advantage of the growth," Brown said.

Banksys and Mobistar join forces in the interests of mobile commerce

Below you may find a link and quote to an older article. Current state of things is that Banksys and Mobistar will launch an application that allows customers to pay out of their "Tempo' account of Mobistar. Another link between telco and financial institution.

Mobistar - Banksys and Mobistar join forces in the interests of mobile commerce
Following a test phase among a limited sample of users, Banksys and Mobistar plan to introduce the first SIM cards that allow Tempo to be recharged via banxafe before the end of this year. In early 2002, the application will be extended to all Tempo cards and new applications will be added.

Zie ook dit recente artikel van Planet Multimedia.

Tuesday, February 18, 2003

Monday, February 17, 2003

Drie overtredingen van Wtk gepubliceerd

AMSTERDAM - Toezichthouder de Nederlandsche Bank (DNB) heeft vrijdag met advertenties in dagbladen publiek gemaakt dat zij dwangsommen verbeurd verklaart die tussenpersonen Amber Nederland bv in Spierdijk, Amber Holding Ltd in Groot-Brittannië en mevrouw W. Strating november vorig jaar zijn opgelegd. Deze drie hebben de wet overtreden door zonder vergunning van DNB 'opvorderbare gelden van het publiek' aan te trekken.

Bron: Artikel in Het Financieele Dagblad

De mededeling van DNB is onderdeel van de beleidskeuze om meer transparant te opereren en duidelijk te maken wat er in het verband van het toezicht geschiedt. Zie verder ook het Persbericht van De Nederlandsche Bank met daarin:
De Nederlandsche Bank N.V. wil het publiek er in dit kader nog eens met klem op wijzen, dat men zich voorafgaand aan een financiële beslissing zeer goed informeert over de daarmee samenhangende rechten, plichten en risico’s. Daarbij dient men extra alert te zijn op niet-geregistreerde partijen die opvorderbare gelden aantrekken van het publiek.

Tuesday, February 04, 2003

De eerste mobiele telco die bank wordt ?

In dit, al wat oudere, artikel van ZDNet News komt aan de orde dat Mobilcom Oostenrijk in verband met de betaling / financiele afwikkeling van diensten, zelf een bank heeft opgericht. Ze zouden daarmee wel eens de eerste kunnen zijn in een langere serie.

Allerdings geht die Tochter des Telkos entgegengesetzte Wege: Die "Mobilkom Austria", die zu 100 Prozent den Deutschen gehört, hat inzwischen die "A1 Bank" gegründet und setzt damit voll auf das Banking per Telefon. Damit ist die österreichische Firma nach eigenen Angaben das weltweit erste Mobilfunkunternehmen, das eine Bank ins Leben gerufen hat.

Paycircle reference implementation released

ePaymentsnews reports that
PayCircle has published a Reference Implementation for PayCircle’s Payment Web Service Specification 1.0. The Reference Implementation as well as the second public draft of PayCircle’s WSDL Specification 1.0 is available online for download at: www.paycircle.org/downloads.

Monday, February 03, 2003

New currency in the Netherlands... : Raam

David Post reports in Het Financieele Dagblad about the issuing of a new currency called "Raam" (which translates as Window). The central bank DNB said it would launch an investigation into possible legal violations.

The Raam (see Ceejee for image) is issued by an organisation founded by Maharishi Yogi. The Raam is printed by Johan Enschede (printer of numerous bank notes all around the world, including the Euro) and is issued in denominations of 1, 5 and 10 raam. One Raam is worth 10 euro.

The Raam was issued on 19 October 2002, with Limburgs Dagblad having the first article:
Vlodrop. The Fortis-bank issues the new currency of the Maharishi- the name is Raam- only at the Roermond branch. This was emphasized by Fortis yesterday, a day on which collectors and those interested from all over the country started to learn how to become owners of the new Raam notes.

According to spokesman M. Bongaerts of Fortis Nederland, the bank only sells the notes in Roermond as a service to Maharishi, an important customer of Fortis. The Maharishi wants to use the currency to supply Third-World countries with a strong inflation-resistant currency. The notes will be used primarily to finance organic agriculture projects.

Link naar meer algemeen weblog over betalingsverkeer

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