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Mobile Payment Forum Adds First Data and Sprint to Board

Tuesday 10 May 2005 19:01 CET | News

New Members, Proximity Payment Activity Highlighted at Spring Plenary

The Mobile Payment Forum (MPF), a global cross-industry alliance of key organizations from the mobile and financial industries dedicated to the advancement of mobile (m) commerce, has elected Ms. Nandita Bakhshi of First Data Mobile Solutions, the mobile payments arm of First Data Corp, a leader in electronic commerce and payment services, and Mr. Christopher J. Bierbaum of Sprint to its Board of Directors at the groups Spring Member Plenary, held April 4-6 in Tokyo. Board member companies appoint representatives who serve two-year terms. First Data and Sprint join continuing Board members American Express Company; JCB Co., Ltd.; MasterCard International; Nokia; NTT DoCoMo; Orange World; TIM ITALIA SpA; T-Mobile International; Visa International and Vodafone. These organizations set the strategic direction for the Forum in its efforts to overcome barriers to the widespread adoption of m-payments and ensure that the needs of all key industry segments are addressed. The Tokyo plenary also served as the Forums opportunity to welcome representatives of the companies who have recently become Forum members: First Data and VeriSign, Inc., both at the Principal level. Any organization with an interest in facilitating secure m-commerce is welcome to join the MPF at the level of its choice, and participate in the Forums work. In addition to the elections, the plenary program provided updates to the members on the status of the various activities underway within the Forums working groups. Most dynamic is the Proximity Payment Activity, where the Mobile Payment Forum seeks to develop standardized components necessary to support secure payments when a mobile handset is used to complete a transaction with a merchant at a physical point-of-sale location, either attended or unattended. Toward this objective, the group has completed a Technology Survey and a Technology Assessment, and is currently developing an Issues and Recommendations document, which includes an overview of proximity payment use cases and an outline of the issues to be addressed for secure proximity payment transactions. In a closely related initiative, the Forum launched a Usability Task Force in March. This group will produce a set of recommendations and requirements intended to improve the usability of m-payment technology, including proximity payment services. The Task Force will propose recommendations and requirements to ensure broad usability and consistency across m-payment scenarios. Technical and business issues that could improve usability will be evaluated based on their business impact and implementation challenge. These proximity payment activities, in addition to the work already done by the Forum in the areas of two-way messaging, form-fill, and personalization of multi-application devices for mobile payment, further support the Forums goal of standardizing the enabling technologies necessary for simple, secure, and convenient mobile payments. The group will hold its next plenary meeting in Denver, Colorado in June 2005. Details will be posted on the groups public Web site, www.mobilepaymentforum.org. About the Mobile Payment Forum The Mobile Payment Forum brings together leading organizations from the mobile and financial industries to create a foundation for standardized, secure and authenticated mobile payments. Founders American Express Company, JCB Co., Ltd., MasterCard International and Visa International all bring extensive experience in creating interoperable global payment standards and specifications and a knowledge of payments in emerging channels. Membership includes key financial institutions, telecommunications operators, wireless-device manufacturers, merchants, content providers and software and hardware developers and vendors. The Mobile Payment Forum is a non-profit membership organization, incorporated in the state of Delaware in the United Sta


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Categories: Payments & Commerce | Mobile Payments
Countries: World
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