Mobile payments tokenization standard sought by credit card giants

mobile commerce payments smartphone shopping

Visa, MasterCard, and American Express have announced their new proposed framework. The three credit card giants, Visa, MasterCard and American Express have unveiled a newly proposed framework for a global standard that would boost digital and mobile payments security, and that would simplify the experience of completing a transaction while shopping over a smartphone, tablet, laptop, or other connected device. The lack of a standard of this nature has been considered a considerable barrier to m-commerce. By developing a global standard, it will make it possible for a whole new…

Read More