Lloyds joins in on Olympics m-payments
(19 May 2011 – UK) The London 2012 Olympics and Paralympic games now has a new sponsor in Lloyds TSB, which joins Visa and Samsung with their special Games contactless mobile payments handset.
The firms will give out the handsets to sponsored athletes while members of the public can buy them from network operators and get a Visa-enabled SIM card.
Lloyds TSB has now been confirmed as the bank issuance partner, meaning that Olympic handsets given to Visa-sponsored athletes will be linked to the bank's accounts.
Meanwhile, Lloyds TSB is also working towards a wider roll out of m-payments, beginning a large scale internal pilot this month using pre-paid accounts ahead of a commercial launch by the end of the year.
Lloyds TSB personal current accounts director Mike Regnier, said that 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 customer’s access pioneering products and services.'
Lloyds TSB has now been confirmed as the bank issuance partner, meaning that Olympic handsets given to Visa-sponsored athletes will be linked to the bank's accounts.
Meanwhile, Lloyds TSB is also working towards a wider roll out of m-payments, beginning a large scale internal pilot this month using pre-paid accounts ahead of a commercial launch by the end of the year.
Lloyds TSB personal current accounts director Mike Regnier, said that 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 customer’s access pioneering products and services.'
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