8 Times Payments Companies Joined Forces for Progress
Published August 24, 2012 3:14 PM
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Updated October 20, 2016 10:50 AM
1 Min Read
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(Image: ThinkStock)
Mobile Payments
The Electronic Transactions Association, which represents the acquiring industry, recently formed the Mobile Payments Committee to tackle policy, interoperability, technical issues, and the education of merchants and consumers. (Image: ShutterStock )
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PIN Compatibility
The Secure Remote Payment Council in April formed a working group to help ensure that existing PIN-debit networks integrate smoothly with EMV PIN-debit networks . (Image: ThinkStock)
Bank Voices
Mobey Forum, a global bank-led industry association that promotes mobile financial services, in May joined the Trusted Computing Group Industry Liaison Program to strengthen banks' voices in developing mobile-payment security standards. (Image: ShutterStock )
Banks vs Startups
The American Bankers Association in March formed a task force to push for standards that ensure a market thats as open as possible, yet maintains banks position as primary processors of digital and mobile payments. (Image: ShutterStock )
Mobile Meet-ups
The Smart Card Alliance in May formed the Mobile and NFC Council to educate organizations offering or implementing mobile-payment and Near Field Communication technology. The council wants to serve as a central body for industry stakeholders to collaborate on NFC projects. (Image: ShutterStock )
Telcos
Telefónica UK, Vodafone UK, T-Mobile and Orange parent Everything Everywhere last year formed a joint venture dubbed "Project Oscar." Each would provide funding to create a program using Near Field Communication technology for a mobile wallet. However
(Image: ShutterStock )
Under Investigation
The European Commission in April launched an in-depth investigation after an initial study determined the companies involved had the technical and commercial capability as well as the "incentive" to block future competitors from offering their own mobile-wallet services. (Image: ShutterStock )
Cloud Security
An international coalition called the Open Data Center Alliance formed this year to help companies determine whether cloud providers are adequately addressing accessibility and security. (Image: ShutterStock )
