The NFC Forum and the Mobey Forum, a global financial industry group tasked with facilitating mobile financial services offerings by banks, have agreed to work together to further efforts to enable the delivery of services that will provide secure and interoperable mobile financial transactions.
The two organizations share a common interest in fostering the successful use of mobile financial services, and the new agreement will enable progress toward this mutual objective.
The Mobey Forum, whose members represent the entire mobile financial services ecosystem, will communicate the critical business requirements of the financial community for consideration in open technical standards developed by the NFC Forum, many of whose members are mobile communications, semiconductor and consumer electronics companies.
“Financial services applications are among the key uses of NFC technology worldwide,” said Koichi Tagawa, NFC Forum Chairman. “As the global industry association driving mobile financial services, the Mobey Forum will be an invaluable ally in making it easier for mobile users everywhere to perform a broad range of financial services transactions.”
“Together with the NFC Forum we can develop standards and remove other barriers to support banks to go to market faster with mobile payment solutions that their clients are looking for,” said Mobey Forum Chairman Ron van Wezel of Deutsche Bank.
The signing of the Memorandum of Understanding between the two forums coincides with the NFC Forum all-members meeting that began today in Oulu, Finland and runs through Sept. 6.