|The MeT Initiative welcomes NEC as a new Sponsor|
Posted: 02-Oct-2001 [Source: MeT press release]
[NEC joins the MeT initiative in efforts to develop open architecture with a Mobile e-commerce standardized specification.]
Ericsson, Matsushita, Nokia, Siemens and Sony Corporation are pleased to announce that NEC has joined the MeT Initiative. The companies are jointly developing an open and common industry framework for secure mobile electronic transactions. The aim of the MeT initiative is to develop safe and easy methods and platforms for conducting e-commerce transactions on mobile phones. MeT also works to facilitate the development of innovative new services and applications, benefitting customers and service providers alike.
"The MeT initiative is very pleased to welcome NEC as its latest member. In a year of existence, the MeT initiative has already achieved success with the introduction of its first specifications for secure mobile transactions. Introducing NEC as a sponsor adds great value to the MeT Initiative and we are looking forward to their contribution to our specification work," said Martti Granberg, chairman of the MeT Initiative. "We would also like to take the opportunity to welcome all companies active in the secure mobile transactions environment that share our basic views to join MeT."
"NEC is one of the leading companies in Mobile Internet Industries and expects
that Mobile e-commerce business will grow rapidly in the near future," said Ben Nakamura, Associate Senior Vice President and Executive General Manager of NEC's Mobile Terminals Operations Unit. "The key to success is open architecture of the specification, and in this sense MeT is playing an important role in the industry. NEC will make its utmost effort to contribute to standardisation of the specification."
The MeT Initiative was formed in April, 2000, with the purpose of jointly developing an open and common industry framework for secure mobile electronic transactions. The initiative uses existing and emerging standards to create a common framework that will facilitate the fast adoption of trusted mobile commerce services globally.
The MeT technologies and concepts will work on all networks, with all services, and on all mobile devices. They will draw on existing industry standards such as WAP, Wireless Transport Layer Security (WTLS), Wireless Identification Module (WIM), Public Key Infrastructure (PKI) and Bluetooth. Privacy and security will be ensured with digital signatures and cryptography services for transaction verification, confidentiality, authentication, and non-repudiation. Examples of MeT based applications include secure access and use of personal credit cards, debit cards, loyalty schemes, and ticketing.
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