The U.S. mobile payments industry has finally come to a major progress

Source: Internet
Author: User
Keywords Mobile payment
Tags accelerate the development development financial financial institutions financial services google google + google+

Previously because of various forces wrestling, mobile payment standards confusion, industry development difficult to advance.

Recently, including Verizon, At&t, Sprint, T, including four major operators, Google, PayPal, Isis, VeriFone, Intuit and other announced will seek joint efforts to set up a mobile payment committee, hoping to break the industry policy obstacles, Accelerate the development of mobile payment industry.

The move was supported by the American Association for Electronic Transactions, a financial services industry organization. The Mobile payments Commission is trying to end the fragmented status of the US mobile payments industry and to clear obstacles in the areas of technical standards, compatibility, regulation, public policy, merchant and consumer training.

Members of the mobile Payments committee include the key players in the US mobile payment market, including Verizon, At&t, Sprint, T and other mobile payment solutions providers such as Google, Isis, Verifone and PayPal, and Wells Fargo, Financial institutions such as the First Capital Finance Corporation, American Express, Discover, MasterCard and Visa. But it has been reported that the absent one is precisely the most frequently used square in the United States. Unlike those who actively support NFC (near-field communications) payments, Square has long declared that NFC does not help with the popularity of mobile payments.

Analysts say the move could be good news for Google. Previously, Verizon, At&t and T refused to preinstall their Google Wallet program on their NFC handsets. Now, Google's participation in the development of mobile payment game rules will be better with operators, financial institutions to open dialogue and strive for initiative. It is expected that the future carrier containment of Google may be loose.

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