21 October 2017
visit www.avoka.com

US Payments Forum sets up contactless and mobile task forces

15 November 2016  |  2083 views  |  0 Source: US Payments Forum

Mobile and contactless payment is an area of much debate among stakeholders across the ecosystem.

Questions about implementation opportunities and challenges and the uncertain future for how mobile payments will evolve have made this an important topic to be addressed in an open forum in the U.S. The U.S. Payments Forum today announced the Mobile and Contactless Payments Working Committee to explore these opportunities and challenges, identify possible approaches, and develop practical implementation guidance and best practices for the variety mobile and contactless payments solutions being implemented in the U.S.

This new working committee comes as part of the U.S. Payments Forum’s expanded priorities to address a variety of new and emerging payments technologies that protect the security of, and enhance opportunities for, payment transactions within the U.S. In addition to contactless and mobile payments and the ongoing migration to chip technology, some of the other topic areas the Forum plans to address include tokenization, card-not-present security solutions, and encryption.

“Just as we are doing with the U.S. EMV chip migration, our goal as an organization is to provide concrete, usable guidance to make new and emerging payment technologies a reality in the U.S.,” said Randy Vanderhoof, director of the U.S. Payments Forum. “With the U.S. Payments Forum being the only forum bringing together all the payments industry stakeholders including merchants, issuers and the mobile community, the Mobile and Contactless Working Committee is uniquely positioned to develop implementation guidance and help the payments industry to be better equipped to implement contactless payment technologies.”

Like other Forum working committees, the Mobile and Contactless Working Committee will gather input from all payments industry stakeholders and provide education and guidance through industry briefings to members, and published resources such as white papers, implementation guidance, webinars, seminars, workshops, infographics, and a variety of other resource formats.

Some of the topics the working committee will focus on include:

Implementation challenges across a variety of merchant use cases and segments, such as in-store, quick service restaurant, transit and others
Implementation of multiple mobile payment technologies (e.g., NFC, Bluetooth, QR code) and wallet approaches
Implementation of multiple payment security technologies, such as tokenization, encryption and new consumer identity verification approaches
Implications of mobile payments on the customer experience

The Mobile and Contactless Working Committee will hold its first in-person working session at the U.S. Payments Forum member meeting on December 8-9 in Coral Gables, Florida. Mobile operators and wallet providers are invited to take advantage of a limited time offer to join the Forum and learn how other payments industry stakeholders have benefited from membership.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.com Register now

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9934 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8945 views comments | 13 tweets | 10 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
8832 views comments | 17 tweets | 20 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8036 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7708 views comments | 10 tweets | 22 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job