Banking, Mobile and Payment Industry Players to Launch Implementer Guidelines for Mobile Remote Payments
Mobey Forum has released a white paper specifying implementer guidelines for mobile remote payments. The white paper informs readers on how mobile remote payment technology can effectively be delivered to end-users by leveraging existing systems and establishing an open infrastructure.
Entitled ‘Mobile Remote Payments General Guidelines for Ecosystems’, the white paper focuses on payments where two parties are able to send and receive or exchange funds using the mobile channel, irrespective of where they are located. Examples of this include person-to-person (P2P) mobile money transfer or payment to merchant, where the mobile device does not need to be in close proximity to a point-of-sale (POS) terminal.
With contributions from a multitude of players that represent the entire ecosystem, the white paper highlights three main findings:
Ron van Wezel, chairman of Mobey Forum and director of emerging payment streams at Deutsche Bank, said: “Now that the market is starting to adopt mobile payments we believe that the time is right to provide industry guidelines to assist payment providers in deciding how to access the mobile remote payments market effectively. This will help to promote an open infrastructure, which in turn will avoid market fragmentation and improve interoperability for the benefit of the consumer.”
Banks, system integrators, payment service providers, mobile operators and services companies have all contributed to the guidelines, including: Atos Origin, BBS, Caisse d’Epargne, CellPoint Mobile, Deutsche Bank, DnB NOR, Edgar Dunn & Company, Nokia, Nordea, RBS, Redeban Multicolor, Telenor, Tieto, TeliaSonera, SWIFT and Vocalink.