News Column

ETSI Discusses Standards for Mobile Payments with Banking and Payments Industry

July 4, 2014



SOPHIA-ANTIPOLIS, France, July 4 -- The European Telecommunications Standards Institute issued the following news release:

ETSI's m-Payment workshop, co-organized with the European Commission on 1-2 July 2014 in Sophia Antipolis, attracted a wide audience of key stakeholders coming from the world of electronic payments.

Participants and speakers included representatives from the European Central Bank, the European Payment Council, central and commercial banks, electronic or card payment systems, consumer organizations, other standards bodies, smart card manufacturers and other players in e-commerce. The European Commission was represented by the four directorates general, DG Connect, DG Enterprise, DG Market and DG Competition.

"This workshop was timely, effective and stakeholders made very good contributions over the two days", said Antonio Conte, DG Enterprise and Industry of the European Commission. "European standardization is expected to play a major role in the creation of the right conditions for the future deployment of m-payments in Europe."

At the end of 2014, the number of mobile connected devices will exceed the number of people on earth. With regards to the security of mobile payments, the multiplicity of technical solutions adds to market fragmentation, to the complexity of the cost of rolling out and running a service. This ultimately constitutes a barrier to market uptake and all players, whatever their strategies and positions in the value chain, share a common interest to overcome these constraints. ETSI's event was a collaborative effort to kick start work to define a generic, technology agnostic, standardized security platform to enable secure and interoperable m-payments service delivery.

CC AutoTriage1pm-140705-30TagarumaMar-4789107 30TagarumaMar


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Targeted News Service


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters