New Security Standards for Mobile Payments Coming

From SC Magazine (Angela Moscaritolo)

A financial services technology group is developing standards for making secure mobile payment transactions. The goal of the project, an effort of the Financial Services Technology Consortium (FSTC), is to develop standards and processes so that banking customers are able to securely pay a merchant or another bank customer using their phone, no matter what mobile device or carrier they use. Read the full story [scmagazine.com]