Oracle teams with UK banks for mobile payments push
Tech giant's hardware and software will be used to power new mobile payments system.
Oracle has signed a deal with Zapp, a firm jointly owned by several UK high street banks, to provide the IT kit required to build a new mobile payments platform.
The setup is scheduled to launch in 2014, and will be used by consumers and retailers around the UK to make and receive payments using mobile phones.
The platform is promising payments by mobile without the need for separate digital wallets or extra passwords, with Zapp using a consumer’s existing bank account and smartphone to enable faster, more secure payments.
Zapp is a wholly-owned subsidiary of Vocalink, which in turn is owned by high street banks.
The platform will be integrated into the banks’ systems, and should be connected to the banking apps they already offer to customers.
Zapp will also be integrated into merchant online and mobile checkouts, and can be used at the point of sale for NFC, QR codes or any other system that a retailer has implemented.
The infrastructure will be based on an Oracle software and hardware stack, with Zapp’s web, application and database servers running on Oracle x86 and Sparc hardware.
The software piece will be built to run on Oracle’s Database, WebLogic, Enterprise Service Bus, GoldenGate and Data Integration technologies.
Peter Keenan, chief executive of Zapp, said ensuring secure and reliable payments for millions of UK consumers, financial institutions and retailers is the organisation's aim.
“Our strategic alliance with Oracle allows us to bring real-time payments to UK consumers through their existing bank account and their mobile phone in 2014,” he added.
Dermot O’Kelly, senior vice president and UK country manager at Oracle, said the software giant is delighted to be a part of the co-operative effort and “looking forward to using our expertise to deliver Zapp into the market in 2014”.