The Contactless and Mobile Payments Council is made up of over 120 individuals from 48 organisations, including card issuers, payment brands, merchants, financial payment processors, terminal vendors, card manufacturers, chip vendors, systems integrators and consultants, and personalisation bureaus. The Contactless and Mobile Payments Council plans to become a primary educational resource, delivering extensive materials on what the technology is, how it works, what implementation methods are available, and what the best practices are.
Recently, the Councils Mobile Payments Work Group published Proximity Mobile Payments Business Scenarios: Research Report on Stakeholder Perspectives. This research found that 86 percent of industry stakeholders believe NFC-based proximity mobile payments will be adopted, and it will happen with a Collaboration Model, bringing together banks, mobile operators, merchants, handset manufacturers and other service providers. The report is a comprehensive follow-up to the white paper also published last year, Proximity Mobile Payments: Leveraging NFC and the Contactless Financial Payments Infrastructure.
The councils main priority during 2007 was conducting and publishing research on how merchants, consumers, financial issuers, mobile operators and technology providers view contactless and mobile payments.
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