There is a new sheriff in town for the mobile payments arena—or at least that’s what VentureBeat described in a report on the newly formed Mobile Payments Committee.
Electronic Transactions Association CEO Jason Oxman announced the group’s genesis in an interview this morning, where he explained the committee boasts representation from the four leading U.S. carriers.
AT&T, Verizon, Sprint, and T-Mobile have apparently united to grapple with mobile payments, and it appears Google, PayPal, ISIS, VeriFone, and Intuit are also members, while Verizon Executive Director of Federal Relations Jackie Moran serves as the group’s chair.
According to VentureBeat, the Mobile Payments Committee will:
…serve as a way to develop policy and business strategy for the mobile payments industry. Among the issues the committee is tackling, it will help participants figure out the complex business relationships necessary to make mobile payment options interoperable; help legislators and regulators understand how to develop mobile payments public policy; and educate consumers and merchants about the benefits of mobile payments.
The committee will first meet in late August.
Get the full report at VentureBeat.
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