Ericsson, Motorola and Nokia have announced a joint effort to develop an open and common industry framework for secure mobile electronic transactions. The target of this initiative is to use existing and emerging standards to build a common framework to enhance the fast adoption of mobile e-business. Representatives from the telecom, financial and the IS/IT industries will be invited to contribute to the effort.
The possibility to handle trusted electronic transactions from a personal mobile device is regarded as one of the most important areas of the Mobile Internet. The mobile device can be a tool for a variety of services, such as banking and trading services, credit card and payment services, loyalty/bonus services and ID-card services.
Today, there are already several activities to facilitate secure transactions from mobile devices. The initiative from Ericsson, Motorola and Nokia will merge existing initiatives with what they hope will become the de facto standard for secure mobile electronic transactions. Some of the key technology cornerstones will be WAP security functions, such as WTLS (Wireless Transport Layer Security) and WIM (Wireless Identification Module) – as well as wireless Public Key technologies (PKI) and already implemented mobile payment schemes.
Nokia, Ericsson and Motorola are expected to issue technical and other details about the context for secure mobile transactions by the end of May on their web sites and invite others to participate in the work. The ambition is to formulate an open framework before the summer, based upon input from related industries.
Ericsson estimates that by 2004 there will be around one billion users of mobile telephony and some 600 million mobile Internet subscribers worldwide.