Mobey Forum, a bank-led mobile commerce association, has announced that it is now participating in the Trusted Computing Group’s (TCG) Industry Liaison Program in order to enhance the development of security standards in mobile financial services.
The partnership will enable Mobey Forum and the TCG to share members’ security requirements and use this combined knowledge to enhance the TCG’s development of mobile standards. According to Mobey Forum, the liaison is intended to foster closer collaboration between the mobile and ICT industries and the banks and financial institutions intent on rolling out mobile financial services to their customers.
“The current security standards for mobile devices lack the perspective of financial institutions, and their specific needs for mobile payments and mobile banking,” said Ron van Wezel, chairman of the Board at Mobey Forum and Director of Emerging Payment Streams at Deutsche Bank. “The input and participation of Mobey Forum in the TCG will provide valuable contribution from the financial and banking sector in support of this work. Additionally, it will deliver educational value for Mobey Forum members and enable direct communication between the financial sector and device manufacturers.”
“One of the core objectives of the TCG relationship with Mobey Forum is to ensure that the TCG’s standard specifications are not only theoretically and technically sound, but also support users’ requirements and development demands of the industry adopting them,” added Brian Berger, TCG director and chair of the marketing work group.
Mobey Forum’s Security Taskforce will represent Mobey Forum in the program. It will also be able to access up to date TCG knowledge of current research and standards, as well as evaluate in real-time the different mobile service use cases developed by the TCG.