“The world’s leading manufacturers of cellular telephones —
Ericsson, Motorola and Nokia — have agreed to work together to
set standards that will enable secure e-commerce transactions in
future mobile handsets.”
“But the mobile phone companies are not alone in their vision of
the mobile phone as an electronic wallet, nor in wanting to set a
standardization agenda. The European Telecommunications Standards
Institute (ETSI), of which Ericsson, Nokia and Motorola are
members, has launched its own broader initiative to explore
standardization issues related to mobile commerce.”
“It is not clear what will happen if ETSI’s vision of mobile
commerce diverges from that set by Ericsson, Motorola and Nokia.
The technology cornerstones of both initiatives is likely to
include WAP security functions as well as wireless public key
technologies that have already been implemented in mobile payment
schemes.”