Soft tool of banking and financial totalitarianism according to Overton window procedure
Meritum:
"Pekao Bank wants to ringing 70,000 customers. Literally, I'll offer them a ringing for close-up payments. Will the solution be accepted? It's hard to say at this point, due to the fact that smartphones dominate the market. We took the chance to look at what another banking innovations have been trying to implement in fresh years, but yet failed.
In a fewer days, Bank Pekao will introduce a ringing to the offer for close-up payments. It will work in a akin way as various ointment gadgets allowing you to pay without contact – just close your hand to the POS reader and make a transaction. Up to PLN 100 you do not request to give a PIN, above the code is required. The bank has ordered 70,000 rings (which is most likely the largest implementation of this service in Europe) and hopes to get customers to buy. Bank representatives besides hope that the ringing pool will run out rapidly and you will gotta make another order.
With large curiosity, I'll be watching Pekao's customers adapt the ring. Especially since the thought of paying with a ringing is not fresh at all. We wrote about the first specified implementations on Bankier.pl and PRNews.pl already a decade ago. And Visa even equipped Olympic players participating in the Games in Rio (2016) with specified gadgets. However, this solution has not yet been adopted on a massive scale. Moreover, close-up payments in watches were not accepted on a massive scale. The marketplace seems dominated by smartphones and conventional cards. But possibly this time we can clear the tracks and ringing tens of thousands of bank customers?
The fresh implementation of Bank Pekao led me to look at the archive of texts and look at respective banking innovations that did not last the trial of time. due to the fact that payment rings are not the only thing they've tried to get customers to do in the past years. any of these innovations did not last the test of time.
Suit and tie for payment
Although this sounds fun today, it was a time erstwhile bankers tried to sew chips for payment in various items of the wardrobe. For example, in 2014, the Australian Heritage Bank in collaboration with M.J. Bale and Visa developed a prototype suit for proximity payments. Chips for payment are in coat cuffs. In turn, Quicko tempted you with necklaces with a function for close-up payments, and for you he offered ties with a sewn NFC module. There was besides another ointment of gadgets – for example key chains (mBank or PKO BP). You'll find photosat this link.
Nearer payment stickers
Before close-up payments made our smartphones comfortable with Apple Pay and Google Pay, they experimented with another payment methods. Before a decade ago, banks were mass-released in the form of stickers, which could be attached to, for example, the back of the phone. Even if our smartphone didn't operate NFC technology, nothing happened at the time to approach the terminal and pay close-up. In the end, however, this solution was withdrawn, although any banks inactive find cards in the form of stickers.
Separate payment applications in each store
In 2013, I wrote a text entitled “The chaotic West of m-payments”. This was a turbulent period in the past of Polish payment innovations. Following the debuts of the first banking mobile apps for iOS and Android smartphones, there has been a surge of applications allowing payment. Each creator pushed his own system. Bank Pekao wanted to make payments with Peopay codes, PKO Bank Polski pushed payments with IKO codes (finally this solution survived until present in the form of Blik) and fintechs implemented their applications. Who remembers Cody Pay, stone Pay, Mass Pay and others today?
Mobile payments in Ladybug
You may remember that any stores have implemented separate applications that let to pay only 1 network. The flagship example was iKasa from Ladybug, or mobile payments that appeared in this chain of stores before cards. The network has long resisted the implementation of card acceptance, due to the fact that this active additional costs (interchange), and this could lead to higher prices in stores. In the end, however, iKasa was capitulated and resigned – present in Ladybugs you can pay with cards and smartphones. But there are besides shops that trust on their own methods – e.g. Żabka (Żabba Pay) or any fuel stations (e.g. Orlen Pay).
Bank account handling with glasses
There was an idea. In 2014, Bank Millennium invited me to a premiere show of the Google Glass app.I wrote at the time.: “Google glasses are supported by voice commands and contact commands. The menu is displayed in the screen on the right eyepiece. It takes a fewer moments to get utilized to the device. We usage the "Start Millennium" voice command to call the Millennium app. erstwhile you start, you will see the start screen on which we gotta enter the PIN. Of course, we don't usage the password out loud, but we service contact on 1 of the earrings. There is simply a sensor utilizing which we operate the application "handily".
Of course, the solution did not work, and a year later, Google reported that it was giving up further work on the device. As a curiosity, during the press gathering the Millennium app was besides presented on Sony's smartphone. In its current form, it no longer works, but yet watches have taken on banking (although not on a mass scale).
Bank on TV
And if we're at the glasses, don't forget the TV. In 2013, West Bank WBK (today Santander Bank Polska) came up with an thought to prepare an application to support online banking on Samsung's Smart TV. The plans were ambitious – the fast improvement of technology would let the tv to acquisition straight (e.g. while watching advertisements). However, the technology did not go so far forward and yet the improvement of this application was abandoned. The solution was alternatively an manufacture curiosity.
Payment from the ATM utilizing a fingerprint
There was a period in Polish banking erstwhile the thought of utilizing biometrics in ATMs was intensely pushed. In the assumption, the user, alternatively of paying with a card or Blink, would apply his finger to a peculiar reader in the device and thus authorize the cash withdrawal. respective cooperative banks even decided to implement this solution. Eventually, however, there was a problem with extending the service to another institutions. This problem may have been due, not even to the request to adjust machines for finger withdrawals, but to the request to make biometric databases for customers. due to the fact that a fingerprint had to be linked to a peculiar account, a bank, etc. The solution may inactive work locally, but any banks have long since abandoned it.
Driving ATMs, self-service kiosks and a train station
The banks had more eccentric ideas. In particular, the Getin institutions placed their courage in innovation. For example, Getin Bank promoted self-service kiosks to replace bank facilities (so-called Getin Points). They were equipped with screens, ATMs and akin gadgets. You could set up an account there, order a transfer, or cash operations at an ATM. Ultimately, the solution did not go beyond the pilot phase.
Another curiosity was that they were working for a while.mobile deposits thought Bank. These were BMW electrical cars in which payment was installed. In the assumption, specified a vehicle was to come to entrepreneurs at the end of the day and receive cash from a payday. In time, however, the bank withdrew from this solution. Another interesting fact was the thought of the Banka bank facility installed in a train wagon.
Cards with a display, diamonds and perfume
A separate text can be written about payment cards. Before smartphones became popular, banks were convinced that innovative payment cards could be a competitive advantage. fresh solutions specified ascard with display and keyboardor metallic cards. But the bankers had even more ideas.As the only writer I erstwhile had the chance to visit the Oberthur Technologies card center,which produces cards. I was then shown phosphorous executioners in the dark, fragrant, folded, with different shapes, or even cards incrusted with diamonds. any of these inventions were found in Asian markets.
The beginning of the second decade of the 21st century was full of many interesting innovations in Polish banking. Unfortunately, many of them did not last the test of time. Later, the marketplace began to unify – further solutions disappeared, and banks' offer became more and more similar. present each bank offers standard payment solutions – Apple Pay, Google Pay and Blika. Is the brave decision of Bank Pekao a swallow of change and a chance for further interesting implementation? Time will tell. We'll get back to that.
Written by Wojciech BoczonThe thought for the rings has returned for payment. We're checking which banking innovations didn't last the test of time.
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Great steps are being taken “new” or “maximum comfort and satisfaction”
The payment ringing is an innovative device offered byBank Pekao, allowing for close-up payments. It looks like a simple ringing and works on the NFC technology principle, as does credit cards or telephone. It does not require battery or net connection, is waterproof and safe to use.
How does it work?
The payment ring, like a close-up card, allows for close-up payments to the amount of PLN 100 without the request for a PIN code. A PIN is required at the payment terminal above this amount. To make a payment, just bring the ringing closer to the payment terminal, as with the proximity card. The ringing does not gotta contact the terminal, just close-up about 1-3 cm.
How do I get a payment ring?
Bank Pekao offers payment rings as part of promotions related to the beginning of the Transverse Account. Customers can receive it for free after fulfilling certain conditions, specified as establishing an account over the internet, ensuring an impact on the account of the appropriate amount, or activating the PeoPay app. Information on the promotions and reception of the ringing can be found on the Bank Pekao website.
Advantages of payment ringing (WBTP):
–Comfort: No wallet or telephone required.
–Security: No card retention in the ring, up to PLN 100 without PIN.
–Durability: Water opposition and no battery, so it does not require charging.
–Simple: Works like a simple proximity card, works with all NFC terminals.
PKO BP does not offer payment rings. Payment rings are a novelty introduced by Bank Pekao (formerly Bank Pekao S.A.). PKO Bank Polskioffers key chains and payment stickers as an alternate to conventional payment cards.
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(choice and video add-on – PZ)
