Visa unveils m-commerce specification

Visa has unveiled a global specification, Mobile 3-D Secure, for the security of mobile Internet payments.

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By  Matthew Southwell Published  September 30, 2001

Visa has unveiled a global specification, Mobile 3-D Secure, for the security of mobile Internet payments. Based on existing payment technologies, the mobile commerce (m-commerce) specification has been developed in conjunction with a number of industry players — including Motorola and Oracle Mobile — and forms part of Visa’s authenticated payment programme.

“While the vast majority of Internet transactions still take place via PCs, it is essential that a secure standard be in place for transactions that originate from mobile phone or other mobile devices,” says Peter Scriven, general manager, Visa Middle East.

“Consumers need to feel the same sense of security when they shop online using a mobile phone as they do when they shop in the physical world,” he adds.

Visa has attempted to ensure that while consumers will benefit from consistent and seamless mobile transactions, merchants will not have to change back-end systems in order to adopt the standard.

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