The two companies will collaborate on continuing research and development projects to assure interoperability between MasterCard’s electronic payment systems and Motorola’s wireless Internet devices and platforms. The companies plan to adapt existing intelligent payment systems for the mobile environment. These systems include MasterCard M/Chip™, its chip-based integrated credit/debit system, and Mondex™, MasterCard’s chip-based electronic cash payment system.

The alliance supports the initiatives of the recently formed Global Mobile Commerce Interoperability Group (GMCIG), of which both companies are members. The GMCIG offers members a global and open organization to develop and promote secure wireless payment standards. The organization seeks contributions from all players in the marketplace, including network operators, device manufacturers, and financial institutions.