Near Field Communications Handsets and Tags, NFC Pilots and Projects

FTC to review mobile payments

Tuesday, January 31, 2012

The Federal Trade Commission (FTC) has announced that it will hold a workshop on April 26 to examine the use of mobile payments and how this emerging technology impacts consumers.

Open to consumer advocates, industry representatives, government regulators, technologists and academics, the free workshop will examine a range of issues. This includes the technology, business models used in mobile payments, the consumer protection issues raised and the experiences of other nations where mobile payments are more common.


Topics may include:

  • What different technologies are used to make mobile payments and how are the technologies funded (e.g., credit card, debit card, phone bill, prepaid card, gift card, etc.)?
  • Which technologies are being used currently in the U.S., and which are likely to be used in the future?
  • What are the risks of financial losses related to mobile payments as compared to other forms of payment?
  • What recourse do consumers have if they receive fraudulent, unauthorized and inaccurate charges? Do consumers understand these risks? Do consumers receive disclosures about these risks and any legal protections they might have?
  • When a consumer uses a mobile payment service, what information is collected, by whom, and for what purpose? Are these data collection practices disclosed to consumers? Is the data protected?
  • How have mobile payment technologies been implemented in other countries, and with what success? What, if any, consumer protection issues have they faced, and how have they dealt with them?
  • What steps should government and industry members take to protect consumers who use mobile payment services?

The FTC is also inviting comments from the general public, including research, surveys and academic papers – all of which can be submitted here[end] 

The European Payments Council (EPC) has published the second edition of its “White Paper on Mobile Payments.”

According to EPC, the white paper focuses on the usage of the mobile payments in the Single Euro Payments Area (SEPA) and explores how m-payment services can be delivered through cooperation between service providers in the payment industry and players within the mobile ecosystem.

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Visa, in partnership with Monitise, has launched a suite of new mobile financial services on its revamped Debit Processing Service platform, enabling mobile phone users to check their account history and balances, transfer funds between accounts, and receive real-time transaction alerts.

read more »

Turkcell, Turkey’s largest mobile operator, has reportedly issued 300,000 of its T-series NFC-enabled phones to subscribers, according to NFC World.

Turkcell’s T11 and T20 phones, along with the BlackBerry Bold 9900, are compatible with Turkcell’s Cep-T Cüzdan mobile wallet, which enables contactless mobile payments, ticketing, loyalty, ID and, most recently, road toll payments.

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Proxama has announced a partnership with semiconductor supplier ARM Holdings to create secure payment mechanisms for mobile handsets.

The UK-based partners say they will combine ARM’s TrustZone technology with Proxama’s Mobile Wallet to develop a “highly secure” environment for NFC-enabled mobile contactless payments and mobile internet payments.

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Susan Matt Permalink
February 8, 2012 2:54 PM

Does anyone know where this FTC workshop is being held?

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