The new parts of a suite of standards for mobile banking and payments will continue the process to adapt and augment ISO 12812 as a US national standard. Additional participants who have interest in this area are invited to join the effort. Mobile financial services (MFS) are an evolving and fragmented market with a broad range of solutions. The challenges in adapting the international standard for US usage arise from the evolution of industry models since the 2017 release of ISO 12812, and from the fact that it is partly based on international perspectives that do not apply to the US market.
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