Tag: mobile payments technology

Soon, passengers on the railway networks across France will be able to use smartphones to pay for fare.

It has just been announced that the TGV trains in France will now be accepting mobile payments from passengers who will be able to use wireless systems to pay for their travel fare.

The railway operator, SNCF, in France, has adopted a state of the art transaction system compatible with wireless devices.

According to the latest news, the mobile payments system for the trains will use technology from VeriFone Systems, a tech firm from California. This will let a mobile device with the right app to be used to purchase railway tickets. The original deployment of handheld devices started back in April and by the time August is complete, it is believed that there will be 12,000 units deployed across the system.

The mobile payments system is comparable to ones that have been used in several other European countries.

The mobile payments devices being deployed across the world recognized high speed TGV trains in France will accept both domestic and international EMV card transactions. They will also be able to process the sale of the tickets and provide receipts and information services for the train riders. The gateway service at VeriFone collects and routes all forms of electronic transactions and also make it possible to use both the traditional type of card and contactless, smartphone, and online transactions.

According to the SNCF department director for train information systems, “VeriFone’s unique managed payment solution makes it possible for SNCF to further improve efficiency and productivity on our trains by adding on-board payment to our mobile solution.” She added that “Mobile payment further enhances passenger convenience and is a natural complement to existing capabilities of access to real-time information such as train schedules and seating availability.”

Similar mobile payments tools have been seen in other countries over the last few months, such as Turkey and Spain. Neither of these have used VeriFone technology, but they are proving to be popular among their passengers. Turkey’s service began in April, while the offering in Spain began in May.

Mobile payments see more investment activity

Net Element International, a technology-based company specializing in e-commerce, has announced that it will begin investing more heavily in mobile payments technologies. Mobile commerce has been the subject of a great deal of interest in recent years. Consumers and businesses throughout the world have shown strong support for mobile commerce, praising this field for the convenience it brings to retail and other sectors of business. Net Element International is one among several companies that are beginning to show very aggressive interest in mobile payments.

Funding to be provided to Skolkovo Foundation

Net Element International has announced that it has entered into an investor agreement with the Skolkovo Foundation, a research and development firm funded by the Russian government and based in Moscow. Through this partnership, the two companies will work together to develop new mobile payments technologies. Net Element will have access to their technologies during their early stages of development and will be able to use these technologies in a variety of pilot projects that are likely to take form in the near future.

New mobile payments technologies to be developed over next three years

More than $12 million is being devoted to the research and development of mobile payments technologies and services over the next three years. The services and technologies developed by Skolkovo are expected to play a major role in the progression of mobile commerce in Russia and several countries in the European Union. Net Element is keen to support the development of new technologies and services in order to establish a stronger presence in the competitive field of mobile commerce.

Russia may be ideal location for new mobile commerce services

Net Element is no stranger to mobile payments and has been investing in this field for some time. The company has already established a formidable presence in this field, but has begun seeing more competition emerge from large companies that also share an interest in mobile payments. Thus far, Russia remains somewhat cut off from the growth of mobile commerce, which may provide Net Element with a powerful opportunity to establish its leadership in this field.