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(Updated on April 21, 2000)


Mobile Leaders Ericsson, Motorola and Nokia Launch M-Commerce Standard Initiative

Ericsson, 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. 

Via 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.

For financial institutions moving forward in the area of m-commerce, a de facto standard would likely mean greater investment dollars in mobile banking and brokerage services.

For more information, go to http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=mot&script =410&layout=7&item_id=85588

Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.

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