New alliance created to promote open standard for securing transactions based on wireless technology and biometrics
A new industry alliance whose main purpose is to promote the development of an open standard for securing transactions based on wireless technology and biometrics has been established, a news report in the media has revealed.The Alliance is made up of 24 numerous influential companies from the retail, banking, payment provider, and IT communities whose common goal is to create a payment mechanism that merges wireless technology, a personal device and biometrics.