The Mobey Forum has just released a new white paper title "The MPOS Breakthrough: How the Power of Mobile has Disrupted Payments".

The paper begins:

"Little more than three years after the December 2009 launch of Square, MPOS has redefined merchant card acceptance at the point of sale (POS), by both rewriting the rules on who can accept card payments and vastly simplifying their means to do so."

"Simply providing consumers with the convenience and functionality of mobile wallet technology will not be sufficient to drive mass-market adoption", according to Mobey Forum. In a recently announced white paper entitled 'Mobile Wallet – Definition and Vision’, the bank-led industry association argues that it will take a lot more than just contactless payment card emulation to drive consumer use of mobile wallets.

Mobey Forum has announced availability of a white paper entitled ‘Business Models for NFC Payments’, which highlights what needs to happen to make NFC contactless mobile payments at the point of sale (POS) a mass market reality.

As NFC technology continues to gain momentum, the study demonstrates how stakeholders can assess different implementation options, define the business case and roles that will meet their requirements and establish a clear go to market strategy with essential partnerships.

Mobey Forum has announced that it has reached the impressive milestone of its members now collectively representing more than 450 million banking customers globally. "The association attributes increasing membership enquiries to the market’s growing desire to deliver mobile financial services to end-users."

Mobey Forum has released a white paper that describes how mobile technology can be used for payments where two parties send and receive or exchange funds using the mobile channel, irrespective of where they are located. For example person-to-person mobile money transfer or payment to merchant, where the mobile device does not need to be in close proximity to a point-of-sale terminal. Entitled Mobile Remote Payments General Guidelines for Ecosystems, the white paper is free to download.

The Mobey Forum has released a white paper titled "Mobile Remote Payments General Guidelines for Ecosystem" specifying implementer guidelines for mobile remote payments. According to the organization, "the white paper will be of particular interest to senior decision-makers at financial institutions, and informs readers on how mobile remote payment technology can effectively be delivered to end-users by leveraging existing systems and establishing an open infrastructure." READ MORE »

The Mobey Forum has released a new white paper titled "Alternatives for Banks to Offer Secure Mobile Payments" that "examines the important role of the secure element in delivering mobile payment services to end users." (Both the white paper itself and accompanying slides are available for download). It provides an analysis of the mobile financial ecosystem, the stakeholders, and the value chain positions that can be achieved by banks though different business models.

According to the Forum, "the paper’s key focus is on the role of the secure element, a tamper-resistant hardware element located within a mobile device, which is required to securely facilitate mobile financial services, such as near field communication (NFC) and contactless payments. It highlights the features, application and impact of different secure element technologies including stickers, secure micro SD cards, universal integrated circuit cards (UICC), embedded secure elements and trusted mobile bases." READ MORE »

The NFC Forum and the Mobey Forum have announced a Memorandum of Understanding to "work together to further ongoing efforts to create open standards that enable the delivery of services that provide secure and interoperable mobile financial transactions." READ MORE »

Saying that "standards-based approaches to the provision of mobile financial services (MFS) move a step closer today", the Mobey Forum has announced a new document titled "Best Practice for Mobile Financial Services — Enrolment Business Model Analysis" that examines "the challenge of sharing a mobile handset's secure hardware, the so-called secure element." An accompanying slide set and an FAQ are also available. READ MORE »

The Mobey Forum, a bank-led industry consortium promoting mobile financial services, has announced that South Korean mobile operator SK Telecom and Nordic telecoms pioneers Telenor and TeliaSonera have joined Mobey Forum along with new major bank members - ING Bank and Rabobank. Mobey Forum has also restructured and appointed a new Chairman, Ron van Wezel.

The Mobey Forum has the completion of the Security Element Technical Analysis of its Business Ecosystem effort. The analysis concludes that the three Security Element alternatives with the highest potential for general purpose Security Element, both in remote and local environments for mobile financial services, are: SIM, Embedded Chip, and Secure Memory Card (SMC) as Security Element platform. The