About the Mobile Payment Forum
Upaid is a Member of the Mobile Payment Forum, a global, cross-industry group formed to enable secure, user-friendly mobile payment transactions and expand the overall market for m-commerce.
Founded by American Express Company, JCB Co., Ltd., MasterCard International and Visa International, the Mobile Payment Forum aims to standardize the building blocks necessary to deploy global solutions for secure mobile payments.
Focusing on payment card transactions, used in almost 93% of all e-commerce payments*, the Mobile Payment Forum addresses key areas such as interoperability passwords, cardholder authentication and encryption methods. Led by a Board of Directors comprised of leading mobile, technology and financial companies, the Forum will develop requirement documents, white papers, use cases, and technical specifications. The Forum also aims to drive collaborative work with other industry consortia and standards bodies.
*Source: Gartner Group, 2001