New Collaboration for Mobile Payments - Visa, MasterCard, and American Express

The pot keeps getting stirred as more and more players work more and more angles in the mobile payments space.

Two days ago Visa, MasterCard, and American Express announced a partnership to develop a new global standard for mobile payments.  Mobile Commerce Daily has some information on this:

mobile-payments-power-play-faces-significant-challenges

Here is a snippet from that article:

By teaming up to create a new standard that would streamline mobile payments, leading card networks Visa, MasterCard and American Express hope to ensure a prominent role in smartphone and tablet transactions while also driving overall adoption by consumers and retailers.

Very interesting news.

Happy reading,

J.W. Gant