Mobile Banking Advocates Open North American Unit

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Mobey Forum, a bank-led nonprofit focused on increasing the use of mobile financial services, has launched a North American division.

Mobey Forum North America will bring together experts in the industry to resolve issues affecting mobile financial services, the group said Monday. Members will include representatives from American Express (AXP), Bank of America (BAC), Capital One Financial (COF), CIBC (CM), MasterCard (MA), TD Bank Group (TD), U.S. Bancorp (USB) and Visa (NYSE:V).

Established in 2000, Mobey Forum works with financial institutions, mobile network operators, mobile handset manufacturers and payment processors and vendors to increase the use of mobile financial services.

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