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Old 17-01-2013, 00:12
noise747
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UK mobile owners will soon be able to send cash payments by text


While it sounds a good idea and I suppose is one way to pay my Milkman instead of cash or cheque, i do have a few worries over it. what happens if the text goes tot he wrong number and it also means giving your mobile number to someone you may not want to give it to.

It is also yet another database that info is stored on.

Stick with cash, less hassle
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Old 17-01-2013, 00:15
Thine Wonk
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Smartphone malware will no doubt become even bigger business too.
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Old 17-01-2013, 00:52
whoever,hey
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I hate this idea! (quote me later when i say its great).
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Old 17-01-2013, 01:12
IslandNiles
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It's basically an extension of the PingIt idea that didn't take off because of the terrible way in which it was implemented for non-Natwest customers. Or at least it sounds it.

I like it. Group payments are a good example. Say you want to put something on your card and everyone else pays you for their share. Like a meal. You don't really want the cash, usually. You want the money in your account! So they can send it before you even pay the final bill with your card. It's a good idea!
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Old 17-01-2013, 01:20
Stiggles
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UK mobile owners will soon be able to send cash payments by text


While it sounds a good idea and I suppose is one way to pay my Milkman instead of cash or cheque, i do have a few worries over it. what happens if the text goes tot he wrong number and it also means giving your mobile number to someone you may not want to give it to.

It is also yet another database that info is stored on.

Stick with cash, less hassle
Is there ever going to be an advancement in technology you don't have a problem with?
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Old 17-01-2013, 03:03
noise747
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Is there ever going to be an advancement in technology you don't have a problem with?
There is a problem with all technology and sometimes advancement is not a good thing.

i did say that it seems a good idea, well on paper anyway, but like NFC, i can see there is security problems.
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Old 17-01-2013, 03:03
noise747
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It's basically an extension of the PingIt idea that didn't take off because of the terrible way in which it was implemented for non-Natwest customers. Or at least it sounds it.

I like it. Group payments are a good example. Say you want to put something on your card and everyone else pays you for their share. Like a meal. You don't really want the cash, usually. You want the money in your account! So they can send it before you even pay the final bill with your card. It's a good idea!
I can see where that would be useful.
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Old 17-01-2013, 03:14
Stiggles
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There is a problem with all technology and sometimes advancement is not a good thing.
No there isn't and yes it is. Based on your objections, if you were in charge we would still be stuck in the stone age!!

i did say that it seems a good idea, well on paper anyway, but like NFC, i can see there is security problems.
There is security concerns carrying cash. Whats your point?
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Old 17-01-2013, 03:59
noise747
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No there isn't and yes it is. Based on your objections, if you were in charge we would still be stuck in the stone age!!
So the advancement of nuclear weapons was a good thing then? that was new technology at the time and even now they making new technology to kill more people quicker.

Maybe being stuck in the stone age would not be a bad thing, then again maybe it would.

i don't mind new technology, i just think sometimes they do things and don't think it through.


There is security concerns carrying cash. Whats your point?
Only with the amount you carry, you carry a tenner, you lose it and that is all you lose.

they are finding more ways to track our spending, what we are buying, where we are going and what we are doing.
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Old 17-01-2013, 06:07
neo_wales
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Its going to happen, use it if you want, don't if you don't. My daughter spotted a Smeg fridge freezer for her new house, phoned me, within minutes the cash was in her bank sent from my PC; its just another tool, like a cheque book was ten years ago was, or your paying in book sort of thing. Why fear it?
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Old 17-01-2013, 09:51
noise747
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Its going to happen, use it if you want, don't if you don't. My daughter spotted a Smeg fridge freezer for her new house, phoned me, within minutes the cash was in her bank sent from my PC; its just another tool, like a cheque book was ten years ago was, or your paying in book sort of thing. Why fear it?
I know what you are saying and yes I can see where it comes in useful. I done the same sort of thing a couple of days back with a mate. He wanted me to look for a Wi-fi network adaptor for his laptop that is better than the one built in. I ordered it and he sent me the money via paypal.

He could have done it via online banking.

it is just that sometimes these things are not thought out and it is just another way for banks to get money, because no doubt there will be some sort of charge.
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Old 17-01-2013, 09:59
kidspud
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Its going to happen, use it if you want, don't if you don't. My daughter spotted a Smeg fridge freezer for her new house, phoned me, within minutes the cash was in her bank sent from my PC; its just another tool, like a cheque book was ten years ago was, or your paying in book sort of thing. Why fear it?
And given that example, I can already pay anyone who has an account via my banking app.

I assume for this to work (and the example of paying a bill at a meal) the transfer of funds would have to be instant (between banks). I look forward to that happening.
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Old 17-01-2013, 10:05
interactiv-uk
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O2 Wallet has offered this service for months!
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Old 17-01-2013, 10:42
call100
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It's not a compulsory system.....If you don't wish to use it, you don't have to. So, no objection to the implementation makes any sense.
If it works and is convenient it will be great...If not, people won't use it and it'll wither and die.
Personally I think it's a very good idea that they all seem to working towards implementing correctly...
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Old 17-01-2013, 13:19
Colin Hunt
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Smartphone malware will no doubt become even bigger business too.
Yup. I'll be opting right out, as soon as my bank gives me the chance!
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Old 18-01-2013, 10:34
noise747
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i know it is not compulsory, but I get enough flipping adverts every time I go onto my online banking as it is, so i will be getting pestered for this.

Saying that, looking at the list, it seems like the Halifax have not signed up to it, but yet Lloyds have.

It is all to make more money, someoone somewhere will be paying for the service and I expect it will be the public who uses it, either the person who gets the money or the person that pays the money.

even our council is doing pay for parking by text next year, and it will cost people more to use. another database with peoples names, addresses and car registration on. As if they don't make enough money from parking as it is.


they say people won't have to rush back to the car if they are running out of time, well that would not happen if they done a pay on exit instead a pay on entry.
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Old 18-01-2013, 12:19
call100
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No advertising on my online banking.....On the log in page they advertise a couple of their other services, which I would expect, but, once logged on it's advert free.
You don't get any adverts when you pay by text????? so it's a pointless argument really. Someone, somewhere, always pays for any service....
At the end of the day, you either take advantage of the convenience being offered or you don't. It is always possible to stay in the cave and just watch the world go by....
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Old 18-01-2013, 12:30
neo_wales
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We are all on countless data bases as it is so I don't think this one will make any difference.
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Old 18-01-2013, 12:45
c4rv
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sound like m-pesa system used in africa which is widely used. Even used it to pay the beach hawker,

At the end of the day I can't see your bank insisting that you use it.
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Old 18-01-2013, 13:38
tealady
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even our council is doing pay for parking by text next year, and it will cost people more to use. another database with peoples names, addresses and car registration on. As if they don't make enough money from parking as it is.
Have to say pay by text or app is great. I don't have to think about having change, whether the machine is working, queue up. I can also get the benefit of offers.
Pay on exit is too expensive when you consider the costs of maintenance and collection.
Although it does mean more people have your details, in this case, the benefits outweigh the costs.
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Old 18-01-2013, 13:52
PencilBreath
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I prefer the actual banking app but with that I have to use my laptop to set up a new payee with the card reader. With the text function I will be able to pay anyone so I'll probably use both.
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Old 19-01-2013, 00:08
noise747
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Have to say pay by text or app is great. I don't have to think about having change, whether the machine is working, queue up. I can also get the benefit of offers.
Pay on exit is too expensive when you consider the costs of maintenance and collection.
Although it does mean more people have your details, in this case, the benefits outweigh the costs.

But it is the same maintenance and collection if you pay on exit or entry. they are just giving people the option to pay by text, but the old system will still be in place.

i have not got a problem with it as such, i don't drive for a start, but it is the way our council are saying that it will stop people going over the time and getting fined, but then if the council had a pay on exit, then it would not happen.

No, they get too much money by fining people.
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Old 19-01-2013, 00:09
noise747
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I prefer the actual banking app but with that I have to use my laptop to set up a new payee with the card reader. With the text function I will be able to pay anyone so I'll probably use both.
the only app my bank got is one to access my account, but I would not use it. I access my account on the computer and that is it.
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Old 19-01-2013, 12:37
tealady
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But it is the same maintenance and collection if you pay on exit or entry. they are just giving people the option to pay by text, but the old system will still be in place.
The link you gave was for pay and display. So instead of putting coins in a machine, you pay by text or app. Pay on exit requires more machinery and the costs of collection of the money. If the council has less cash to collect, then it will have lower costs. It is also had to find any banks willing to process lots of notes and coins, so another reason to move towards forms of epayment.
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Old 20-01-2013, 11:50
noise747
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The link you gave was for pay and display. So instead of putting coins in a machine, you pay by text or app. Pay on exit requires more machinery and the costs of collection of the money. If the council has less cash to collect, then it will have lower costs. It is also had to find any banks willing to process lots of notes and coins, so another reason to move towards forms of epayment.
I know what the link was for. I am not saying to not bother with pay by text, with parking and they are not going to replace the machines, so people will still be able to pay by cash.
so the machines will still have to be emptied.

But people have been complaining for a couple of years now that the council should have a pay on exit and not entry. But this pay by text for parking seems to be the council way of doing that. not everyone got a mobile phone, not everyone want to register their vehicle with who knows what they are.
just more funny handshakes and we will give you a cut of what we take, so making more money for the council to waste.
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