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Status: U Sender: <[EMAIL PROTECTED]> Date: Tue, 08 Jan 2002 14:07:31 -0400 From: Ian Grigg <[EMAIL PROTECTED]> Reply-To: [EMAIL PROTECTED] To: Digital Bearer Settlement List <[EMAIL PROTECTED]> Subject: [Fwd: MET = Son of SET] List-Subscribe: <mailto:[EMAIL PROTECTED]> -------- Original Message -------- Subject: MET = Son of SET Date: Tue, 8 Jan 2002 15:19:10 +0000 From: <someone> To: Ian Grigg <[EMAIL PROTECTED]>,... http://dailynews.yahoo.com/h/nm/20020108/tc/tech_mobile_wallet_dc_1.html American Express and HP Join M-Commerce Alliance LONDON (Reuters) - U.S.-based financial services company American Express and computer technology group Hewlett-Packard said on Tuesday they had joined Mobey Forum, a consortium of banks and cellphone makers which intend to set global rules for mobile commerce. American Express, which joins Mobey Forum after payment card rival Visa, said it wanted ``to influence the future direction of the wireless industry at a local and international level.'' The Mobey Forum was set up by 10 leading European banks and the continent's largest mobile phone makers, and has since been backed by a host of other European banks and international technology service providers. The two big U.S. names of American Express and HP give the initiative, dominated by European names, a higher international profile. ``These are two global brands. I am delighted they are joining the Mobey Forum,'' said Bo Harald, chairman of the forum. After its launch in May 2000, Mobey Forum formulated the technical rules for mobile commerce in June 2001. Wallet cellphones will be available later this year. The forum wants to build its Mobile Payment Architecture (MPA) into the de facto world standard for mobile commerce. The Mobey Forum will integrate another set of mobile commerce standards from the MET alliance, a separate consortium formed at the same time in 2000, which has laid down rules for user friendliness and consistency of mobile payments. The MET alliance and the Mobey Forum -- which are backed by many of the same companies, including Nokia (news - web sites) of Finland, U.S.-based Motorola and Sweden's Ericsson (news - web sites) -- are currently testing a Nokia phone with two built-in subscriber identification module (SIM) cards. SIM cards are the small chips found on most credit cards and telephone cards. The advantage of having two SIM cards in one cellphone is that banks have control over one SIM card and the operator controls the other card that authorizes calls. It means banks can offer their services independently of mobile operators. The new phones will connect the customer in a shop to the vendor's payment terminal over a short, non-telephony link -- this will be done via infrared or the recently launched Bluetooth radio technology. The customer can then pay from money stored on his SIM card, or authorize an amount to be deducted from his bank account. --- end forwarded text -- ----------------- R. A. Hettinga <mailto: [EMAIL PROTECTED]> The Internet Bearer Underwriting Corporation <http://www.ibuc.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire' --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]