NEWS FLASH 2000-13 (APRIL 2000)
INVESTMENTS AND AGREEMENTS
Leaders – Ericsson, Motorola and Nokia – Launch M-Commerce Standard
Motorola and Nokia have initiated an industry joint effort, named MeT
(mobile electronic transactions), to develop de facto standards for secure
mobile commerce. The target of this initiative is to use existing and
emerging standards to build a common framework and create an implementation
blueprint in order to enhance the fast adoption of trusted mobile
e-business. They are inviting all parties from operators, vendors, financial
institutions, such as banks and credit card companies, and standard bodies
to help create an open, common framework.
this initiative the founding members hope to avoid any fragmentation within
the industry, meaning that the standard created would work with a large
number of encryption technologies and not be tried to any single mobile
handset operating system.
financial institutions moving forward in the area of m-commerce, a de facto
standard would likely mean greater investment dollars in mobile banking and
For more information, go to http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=mot&script =410&layout=7&item_id=85588
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