The Royal Bank of Scotland is planning to launch mobile phone debit payments in the UK using Maestro PayPass.
Following a successful ‘Tap and Go’ mobile phone payment, the Royal Bank of Scotland (RBS) has announced plans to trial the service internally at its headquarters in Edinburgh until the end of 2007 before starting public trials next year.
‘Tap and Go’ mobile phone payments could revolutionize the way people make their day-to-day debit transactions, by providing a way to pay for items up to the value of GBP10. The participants in the RBS trial will simply have to place their mobile phone on a contactless payment terminal and their transaction will be processed in seconds.
Paul Geddes, CEO of consumer banking at RBS, said: RBS was the first bank in Europe to carry out a public contactless card debit payment and we have now repeated this feat with a successful mobile phone contactless debit payment at our headquarters. We decided to trial this payment innovation because we think people will really welcome the speed and convenience of reaching for their mobile phone to make a payment, instead of worrying about whether they have enough loose change in their pocket or locating their wallet.