Google, PayPal, VeriFone and US carriers band together to form Mobile Payments Committee

There’s little doubt that mobile payments hold a ton of potential for the future of commerce, but without proper direction (and willingness for adoption), the technology remains little more than an impractical curiosity for the majority of consumers. In an effort to define a way forward for the mobile payment industry, a large number of heavy hitters have banded together under the umbrella of the Electronic Transactions Association to form the Mobile Payments Committee. Not only does the group include all four of the top US carriers, but also Google, Isis, VeriFone and PayPal. Add to that financial institutions such as Wells Fargo and Capital One, along with American Express, Discover, MasterCard and Visa, and you’ll quickly realize that this group is playing to win. Primary goals of the Mobile Payments Committee include fostering relationships with merchants, ensuring consumer access to modern payment methods, exploring best practices and ensuring interoperability of networks, equipment and financial institutions

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Google, PayPal, VeriFone and US carriers band together to form Mobile Payments Committee

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Google, PayPal, VeriFone and US carriers band together to form Mobile Payments Committee

Aug 10, 2012 // No Comment // Categories: Gadgets, Mobile, Tech // Tags: , , , , , , .

There’s little doubt that mobile payments hold a ton of potential for the future of commerce, but without proper direction (and willingness for adoption), the technology remains little more than an impractical curiosity for the majority of consumers. In an effort to define a way forward for the mobile payment industry, a large number of heavy hitters have banded together under the umbrella of the Electronic Transactions Association to form the Mobile Payments Committee. Not only does the group include all four of the top US carriers, but also Google, Isis, VeriFone and PayPal. Add to that financial institutions such as Wells Fargo and Capital One, along with American Express, Discover, MasterCard and Visa, and you’ll quickly realize that this group is playing to win. Primary goals of the Mobile Payments Committee include fostering relationships with merchants, ensuring consumer access to modern payment methods, exploring best practices and ensuring interoperability of networks, equipment and financial institutions.

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Google, PayPal, VeriFone and US carriers band together to form Mobile Payments Committee

Read similar Posts:

Share and Enjoy:
  • StumbleUpon
  • Twitter
  • Facebook
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  • Sphinn
  • del.icio.us
  • Mixx
  • Google Bookmarks
  • Ping.fm
  • Add to favorites
  • Print
  • email

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