[IMGCAP(1)]

PBS A/S plans to introduce a mobile-payment service for Danish banks in 2010, a spokesperson for the Denmark-based payment processor tells CardLine Global. The service would enable consumers to make mobile payments via text messages at a lower cost than "premium rate" text messages and enable quicker settlement of mobile payments, PBS says in a statement. "In Denmark, all Danish banks have a joint ownership of PBS," the spokesperson says. "So this is a project that all are backing." Some 140 financial institutions could use the service, the spokesperson says. The service from PBS will not include Near Field Communication-enabled payments, which enable mobile phones to conduct contactless payments at the point of sale. "We have no current market experience with NFC," the spokesperson says.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry