Payments News


ASC X9 Releases New Standard for Securing and Managing Mobile Commerce

“From a security perspective, mobile commerce has all the vulnerabilities of the internet and wireless environments combined; from a business perspective it encompasses three disparate industries: financial services, mobile telecommunications, and mobile platforms manufacturing. The new X9.112-3 standard guides all these parties toward safer and more efficient implementations of mobile commerce. As mobile devices and services become compliant with this standard, mobile-related risks will decrease, consumer confidence will increase, and mobile-related identify theft and fraud should be reduced.”