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Google, PayPal, and U.S. carriers join committee to increase mobile payment adoption

News by Andrew Kameka on Thursday August 09, 2012.

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The Electronic Transactions Association announced today that it has formed The Mobile Payments Committee, an alliance of companies involved in the mobile payments sector working to achieve their common goals. Though members have competing platforms, the committee was formed to create standards that overcome technological hurdles; increase consumer and merchant adoption; and work with regulators to form a public policy around mobile payments.

AT&T, Sprint, T-Mobile, and Verizon have all joined the committee. Other participants include Google; Intuit; ISIS, the mobile payments joint venture between AT&T, T-Mobile, and Verizon; PayPal; and numerous banking institutions.

Committee members all have mobile payment services using different protocols and partnerships, but the industry is still young enough to warrant a focused effort to increase adoption. ETA CEO Jason Oxman told VentureBeat, "The idea behind the committee is to get all the players around the table, ask everyone to take off their company hats and put on their industry hats, and talk about what issues need to be resolved."

The Mobile Payments Committee will meet later this month. Jackie Moran, executive director of federal relations at Verizon, will chair the committee.

source: ETA

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Andrew Kameka
Andrew is based in Miami, Florida.

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