The NFC Forum has signed an agreement with Mobey Forum Mobile Financial Services Ltd. in Finland — a nonprofit group that promotes mobile technology in financial services — to create and advocate specifications for near field communications technology.

"To ensure interoperability, the forum writes specifications based on standards," a representative said, noting that it has released 13 detailed specifications. "The specifications allow manufacturers to create NFC Forum-compliant devices that will be interoperable with other manufacturers' devices and also compatible with the NFC Forum-compliant offerings of service providers."

The forum said it has similar agreements with the U.S.-based Smart Card Alliance and the European Telecommunications Standards Institute.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.