Friday, July 25, 2008

Standards for mobile banking

FSTC Establishes Mobile Standards Group
The Financial Services Technology Consortium (FSTC) has created a working group to establish mobile banking standards and best practices. The goal is to facilitate a model that allows for interoperability of a mobile payments infrastructure, according to the New York-based industry group.

If you have an opinion about this, now is the time to get involved.

1 comment:

Abhishek said...

I surveyed a lot about the banks that offer mobile payments from my account. In India, most of the banks have sms as a mode of communication or I have to download an application. But there is another bank which works on USSD mode of communication called Barclays which seems secure and faster than sms and moreover it can work on any handset and network