With mobile payments growing globally, it is clear that what was previously carried in a wallet is now being consolidated in a compact device — principally, the mobile phone. Innovative technologies, such as NFC, have made this development possible, while the variety of mCommerce services, differing interpretations of standards and different implementation models have made integration a challenge. UL is facilitating the implementation of mobile payments projects globally, providing perspectives on different models and issues related to various systems, examining the convergence of mobile banking and payments, identifying hardware- versus software-based security and exploring security challenges with host card emulation (HCE) relative to the NFC ecosystem.
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