The International Standards Organization (ISO) issues a new set of specifications for mobile banking services, aimed at stimulation of the financial control.
New technical standards were created by the working group, consisting of the representatives of the European Payment Council, SWIFT and consumers, such as Consumers International, Finance.ua reports.
ISO Standard 12812 “Main banking services – Mobile finance services” defines the general terms and requirements for more functional compatibility. It defines technical components and their interfaces as well as the role of different parties.
Chairman of Technical Committee ISO/TC 68/SC 7 Patris Herzog, who developed the series, says that the development of technologies will ensure the provision of safe financial services for wider audience.