ING Romania offers NFC-based m-wallet

Thursday 18 July 2013 | 09:18 CET | News
ING Bank Romania has started enabling its customers to make contactless mobile payments with the mobile wallet service iPay, writes local paper Ziarul Financiar. For products priced under RON 100 in Romania or around EUR 20 in other countries, ING customers are no longer required to enter their PIN code as they can pay for products by waving an NFC-enabled smartphone against a contactless terminal from a maximum distance of 4 centimetres. For higher priced products, a PIN code will be required to authorise the transaction. The service, which was tested by the bank's employees over a period of

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Categories: Mobile & Wireless
Countries: Romania
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Do not report about technology when you have no clue about it. Stick to what you know. Firstly, no iPhone to date has an NFC chip. Secondly, no iPhone to date, has the capability of memory expansion by way of Micro SD. Thirdly, not all Android smartphones have expandable storage either. Fourthly, as with everything else, there are a number of ways this 'electronic wallet' is implemented in the world. In the US, NFC enabled phones can pay, but then have to enter a special PIN on their phone. If you want to do this NFC wallet thing with a 'sticker' then the pin would be entered in the POS, and that would be not much of an improvement to having an actual card. Please report news correctly next time.
Jack Smith @ 19/7/2013 - 08:41
Telecompaper response: For iPhone an external case is used. The article has been updated to clarify this, but otherwise, it is accurate.

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