Visa introduces international standard for mobile payments

Visa has announced a new international specification to protect payments made via mobile phones. The Mobile 3-D Secure specification is designed to enable m-commerce, by improving standards of security for transactions made over wireless Internet devices.

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By  Mark Sutton Published  October 1, 2001

Visa has announced a new international specification to protect payments made via mobile phones. The Mobile 3-D Secure specification is designed to enable m-commerce, by improving standards of security for transactions made over wireless Internet devices.

The standard was developed in conjunction with a group of fifteen major companies involved in mobile solutions, including Motorola, Ericsson and Oracle. It will allow for payment authentication, global interoperability and data security over open networks, without requiring changes to back-end systems.

“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 phones or other mobile devices,” explained Peter Scriven, general manager of 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.”

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