Lloyds TSB has been announced as the mobile payments issuance partner for the Samsung Olympic and Paralympic Games mobile handset, which will be given to Visa-sponsored athletes. The announcement signals the start of Lloyds TSB’s broader mobile contactless payments programme for consumers.
Sandra Alzetta, head of innovation at Visa Europe, says: “The Olympic and Paralympic Games offers an unrivalled opportunity to demonstrate the power of mobile payments to a worldwide audience and further the technology’s development. Announcing Lloyds TSB as our issuance partner for our athletes continues this momentum as all eyes turn to London in the run up to the Games.”
Mike Regnier, director of personal current accounts, Lloyds TSB, comments: “The future of payments is changing and Lloyds TSB will be key in transforming the way consumers make purchases, through the launch of mobile payments. Embracing digital innovation is part of our strategy in helping our customers access pioneering products and services. We are delighted to be working with Visa at such an exciting time. The launch of mobile contactless payments will revolutionise the way people pay in the run up to, during, and beyond the Games."
Lloyds TSB’s wider UK mobile payments plan will be rolled out in a phased approach. The programme starts with a large scale internal pilot using prepaid accounts this month, followed by a commercial launch linked to prepaid accounts by the end of 2011.
Latest News
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories