Mobile Commerce (m-Commerce)

A number of initiatives have been announced to encourage the use of mobile technology in financial services and to drive the adoption of open standards in this field. 

There is the Mobey Forum (pronounced Mo-Bay), RadicchioSIM Application Toolkit (SAT) Forum, Visa's 3D-Secure MeT (Mobile Electronic Transaction), eSign and Fundamo. In June 2002, Sprint announced a new standards and marketing entity for mobile payments network with eONE Global.

SIMPay was launched in June 2003 and announced first product in January 2004.

The Mobile Content Rights Management group (CMLA) was launched in February 2004.

The Trusted Mobile Platform Specification for mobile phone transaction security was launched in October 2004


The Trusted Mobile Platform Specification
Launched in October 2004, the Trusted Mobile Platform has defined a set of hardware and software components that can be constructed to build devices offering different levels of security. Trusted Mobile Platform builds on well-established, strong security techniques and applies them to the hardware and software architectures to define a trusted execution environment that protects the device at boot time and during runtime.


The Mobile Content Rights Management group
Intel, mm02, Nokia, Panasonic, RealNetworks, Samsung and Warner Bros. Studios launched a licensing and compliance framework called Content Management License Administrator (CMLA) in February 2004.  This body was formed to address necessary business concerns and enable the rapid delivery of high-quality digital content to mobile handsets and other devices that deploy

Open Mobile Alliance's
The OMA deals with Digital Rights Management and other m-commerce issues.

Visa's 3D-Secure is Visa International's new global specification that ensures the security of Internet payments made over mobile phones. Developed in conjunction with some 15 major industry players, the specification is part of Visa Authenticated Payment, a comprehensive e-commerce program designed to ensure safe and secure online payment transactions. The Mobile 3-D Secure specification extends payment authentication initiatives into mobile commerce, enabling Visa card issuers to validate the identity of their cardholders in real time. It ensures that payment data sent over open networks is not compromised and allows consumers to actively protect their Visa accounts from unauthorized use when shopping on-line over mobile devices.

Simpay is the mobile payment scheme founded by Orange, Telefónica Móviles, T-Mobile and Vodafone. It launched its first product, which will focus on low value payments under ten euros in January 2004.

The Mobey Forum brings together the substantial expertise of the world's leading on-line financial institutions and the leading companies in mobile Internet technologies such as Wireless Application Protocol (WAP). 

The leading mobile phone manufacturers, Ericsson, Motorola and Nokia, acknowledge that the Mobey Forum will play a valuable part in the development of online wireless financial services. 

The recently announced Mobile Electronic Transactions initiative (MeT) between the three leading phone manufacturers will support development in this crucial area of m-commerce.

·See MeT Draft Specification

There is also Fundamo, an initiative backed by Sanlam, which has developed the capability to deliver a working mobile payment solution to cellular networks using existing Phase 2+ compliant technology. This means the Fundamo solution can be used on both WAP handsets as well as Phase 2+ compliant handsets (most of the cell phones sold today).

Then there is Radicchio, a new global initiative to define a standard security platform for mobile e-commerce using Wireless PKI (Public Key Infrastructure). Mobile commerce on WAP-phones is likely to be secured by Java and Wireless Identity Modules (WIMs) using PKI.

There is also the SAT (SIM Application Toolkit) initiative, part of the ETSI/SMG standard for Value Added Services and m-commerce using GSM phones to do the transactions. You will be able to check your bank account and pay bills using your SIM Toolkit-enabled phone with an appropriate SIM Toolkit-specific SIM card which will provide much of the intelligence to conclude a transaction over GSM.

Also look out for the Wireless Internet Gateway (WIG) which gives WAP and SIM Application Toolkit (SAT) terminals access to WML-based applications. It brings WAP to legacy terminals via SMS and supports end-to-end security, push and location-based services. A SIM-based WML browser not only lets a GSM operator deliver web-style content to the current large installed base of mobile phone subscribers, but it offers increased security inherent in the SIM´s Smart Card technology.

eSign is an initiative between leading companies in the mobile marketplace to make mobile digital signatures. The consortium aims to develop a uniform application interface as the de-facto standard for the integration of the mobile phone into the Internet world and to use the mobile phone for implementing mobile digital signatures. 

The MEST (Mobile Electronic Signature) Consortium is an association of companies active in the internet and mobile phone sectors. Its objective is to develop a secure and universal application infrastructure capable of employing mobile digital signatures.