The digital wallet of the future.
The digital wallet is set to become a secure companion at virtually all points in our lives. But what does it contain? Technically, there are far more possibilities than the basic tap and pay function at a POS system. In the future, the wallet will hold such items as loyalty cards, vouchers and coupons. T-Labs was one of the first to succeed in showing how customers can use it to present several coupons, a loyalty card and a payment card and have them accepted at the point of sale. With this step, T-Labs is pursuing a strategy that handles complex tasks for users but, at the same time, enables them to retain full transparency and control over the objects they are using. For this reason, the Future Wallet by T-Labs will be one of the exhibits on show this year at the Mobile World Congress in Barcelona, where wallets from different vendors will demonstrate their interoperability with a modern POS system. Although individual customers are likely to prefer different types of wallets, the cards they contain will retain their usual functions.
Together with other wallet providers, including Aimia, Escher Group, Gemalto, Logic Group, Proxama and VeriFone, T-Labs will be exhibiting with the Future Wallet by T-Labs at the GSMA Connected City pavilion in hall 3 at the MWC fair.
The communications protocol recommended by GSMA for use between mobile phones and POS systems and supported by all the stand partners is the result of a collaboration between T-Labs and POS experts from the Payment business unit at Deutsche Telekom.