New security standards for mobile payments coming

According to Cellular News, a financial services technology group is developing standards for making secure mobile payment transactions.

The project is an effort of the Financial Services Technology Consortium (FSTC), an industry group comprising banks, technology vendors, researchers and government organizations, which develops technology standards for the financial services sector.

The goal of the project is to develop standards and processes so that banking customers are able to securely pay a merchant or another bank customer using their phone, no matter what mobile device or carrier they use.

emily | 8:59 AM | SMS and Banking |
The Permanent Link to this page is: http://www.textually.org/textually/archives/2009/06/023906.htm