The shoe that hasn't dropped is the cut of each transaction that the telecom will try
to extract. Recall their business model is "I own the spectrum, you do the work, I
get the revenue." I can see a sparkle in their eye intimates thinking of 10% and more.
Remind me again why we need a SIM ... with a great, big, slowJava VM no less. 128K,
8-bit power hog at the end of 1960's 96K baud connection. Can you say Minitel?
Cheers, Scott
-----Original Message-----
From: Anders Rundgren [mailto:[EMAIL PROTECTED]
Sent: Thu 10/14/2004 7:32 AM
To: [EMAIL PROTECTED]
Cc:
Subject: Motorola trials NFC payments with MasterCard
http://www.motorola.com/mediacenter/news/detail/0,,4762_4058_23,00.html
EMV? It will likely be the biggest fiasco of the financial sector ever.
However, it is still possible to call off the EMV project, with
(completely true) statements such as:
"Recent technological advances indicate that it is time for reconsideration"
"The biggest problems with the credit card system is actually on the Internet,
something EMV was not designed to handle on a wide scale"
My 0.2 cents
