European Carriers Form M-Commerce Group
Feb 26, 2003, 10:59 AM by (staff)
updated Dec 7, 2008, 3:21 PM
Four large European carriers today announced the formation of the Mobile Payment Services Association, a new standards body for payments made via mobile phones. Orange, Telefonica Moviles, T-Mobile and Vodafone are the founding members, although other carriers have expressed interest and are welcome to join. The solution will seek to complement existing industry standards. In additional to standardizing technical aspects, the group will promote a common m-commerce brand, which will be announced at a later date. The standards will focus on two types of m-payments: credit- and debit-card transactions for larger purchases, and carrier-account transactions for smaller payments.
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