Belgians claim "first secure" SMS payments service

Gemalto and Banksys have launched an SMS-powered mobile payments service in Belgium, which the companies say is the first ever secure SMS payment service. Banksys developed a technology, called a-banxafe, which works with every major bank in the country. Once a potential user signs up, he or she simply keys a payment request into their mobile phone, the payee receives payment details by SMS and accepts them using a PIN code. Once completed, both parties get confirmation via text. Activating the service requires a "3G" SIM card from Gemalto and a trip to the ATM to green light it. Belgian carrier Base is the first to sign up for the application.

For more on the mobile payments solution:
- see this article from The Inquirer


Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.