I have seen this news at
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/09-19
-2001/0001574589&EDATE=
Is it true?
Is there any web site covering specifications?
Best Regards,
Julian Inza
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Specification Created to Extend Authenticated Payments Over the Internet
To Mobile Phones
SAN FRANCISCO, Sept. 19 /PRNewswire/ -- Visa International today
announced
a new global specification that ensures the security of Internet payments
made
over mobile phones.
The Mobile 3-D Secure specification is based on existing payment
technologies and is a result of Visa's ongoing efforts to ensure that both
buyers and sellers are protected when they use or accept a Visa card. It
supports Visa's ongoing commitment to realize universal commerce
(u-commerce)
-- the ability to conduct secure commerce anywhere, anytime with any type of
device.
Developed in conjunction with some 15 major industry players, including
Ericsson, Motorola and Oracle Mobile, the specification is part of Visa
Authenticated Payment, a comprehensive e-commerce program designed to ensure
safe and secure online payment transactions. The Mobile 3-D Secure
specification extends payment authentication initiatives into mobile
commerce,
enabling Visa card issuers to validate the identity of their cardholders in
real time. It ensures that payment data sent over open networks is not
compromised and allows consumers to actively protect their Visa accounts
from
unauthorized use when shopping on-line over mobile devices.
"While the vast majority of Internet transactions still take place via
PCs, it is essential that a secure standard be in place for transactions
that
originate from mobile phones or other mobile devices," said Philip Yen,
executive vice president, e-Visa International. "Consumers need to feel the
same sense of security when they shop online using a mobile phone as when
they
shop in the physical world."
The Mobile 3-D Secure specification supports global interoperability,
enabling consumers to have a consistent and seamless experience regardless
of
the method or device being used to access the Internet. It minimizes the
impact on merchants and requires no changes to backend payment systems.
The growth in mobile phone usage shows a clear trend toward wireless
Internet devices. According to Nokia, during 2002, more people will be
accessing the Internet with handheld, wireless devices than via landlines.
Analyst and consulting company Ovum Limited suggests that, globally,
373 million wireless subscribers will be buying on-line in 2004.
A number of Visa m-commerce programs are currently underway worldwide to
test the viability of m-commerce payment solutions and raise consumer
awareness. In Asia, Visa has partnered with Hutchison Telecommunications
and
Dao Heng Bank to develop a mobile payment service using Mobile 3-D Secure.
In
Europe, Visa has signed a strategic alliance with Omnitel Vodafone while, in
the US, Visa and Sprint are working together to help facilitate secure
mobile
payments and create opportunities to purchase goods and services over the
Sprint PCS nationwide wireless network.
Barclaycard's IT Director, Jennifer Allerton, said: "There is strong
demand from consumers and merchants in Europe for mobile card payments. At
Barclaycard, we have successfully trialled 3D-Secure on the Internet, and
working with Visa and Arcot, we demonstrated 3D-Secure working over WAP in
June. This announcement is a significant step forward in the development of
m-commerce."
The Mobile 3-D Secure specification can be obtained from Visa at
[EMAIL PROTECTED]
Visa is the world's leading payments brand and the largest payments
system
worldwide. Visa-branded cards generate almost US$2 trillion in annual
volume
and are accepted at over 22 million locations around the world. The Visa
organization plays a pivotal role in advancing new payment products and
technologies to benefit its 21,000 member financial institutions and their
cardholders. Visa is a leader in Internet based payments and is pioneering
the creation of u-commerce, or universal commerce -- the ability to conduct
commerce anytime, anywhere, over any type of device.
