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Tieto Corporation PRESS RELEASE 16 June 2010 at 1.00 pm EET
Tieto, together with Nokia and Nordea, will host Mobey Forum's 10th anniversary member meeting in Helsinki on 17 - 18 June. At the meeting, 120 international Mobey Forum delegates from leading organizations within the mobile financial services market will discuss the future of mobile payments.
Mobey Forum is the global leader in defining a sustainable and prosperous mobile financial services ecosystem. Established in 2000, it brings together leading financial institutions, mobile network operators, mobile handset manufacturers, payment processors and vendors, committed to accelerating the mass-market deployment of user-friendly mobile financial services by promoting open and secure technology standards.
At the Mobey Forum meeting, Tieto's key spokespeople will present and lead discussion on the latest developments in a number of areas:
- The natural payment monopoly for banks is over! Banks are being challenged to adjust to the new digital economy. As money and payments are digital - changing consumer behavior will drive new payment business models and innovations centered around real-time digital payments. New players are entering the payment ecosystem - media houses open their own micropayment services and the power of social media and crowd funding will be studied by Business Advisor Johan Löfmark.
- The future of payments: From payments to extended payments in Real Time Economy, halving enterprise administrative costs and mobile devices as omnipresent multipurpose tools, presented by Head of Executive Advisors Bo Harald.
- Public transportation goes mobile: Future payment methods in mass transportation; new mobile services in public transportation, including the Finnish case study, presented by Vice President Jukka Mannermaa.
Tieto's Director, Offering Development Ville Sointu was one of the key contributors to the Mobey Forum "Mobile Remote Payments White Paper" which will be released during the Helsinki meeting. The white paper clarifies industry guidelines and best practices for mobile remote payment services and suggests that the mobile phone number rather than any other specific code or identifier, should be used to identify payer and payee in mobile remote payment transactions. The Mobey Forum believes that using the mobile phone number will provide user convenience, ensure privacy and security of payments information and facilitate interoperability across stakeholders.
For further information please contact:
Bo Harald, Head of Executive Advisors, Tel. +358 50 64101
Ville Sointu, Director, Offering development, Tel. +358 40 5957200
Kia Haring, Communications, Financial Services, Tel. +358 40 765 3700
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Tieto is an IT service company providing IT, R&D and consulting services. With approximately 17 000 experts, we are among the leading IT service companies in Northern Europe and the global leader in selected segments. We specialize in areas where we have the deepest understanding of our customers' businesses and needs. Our superior customer centricity and expertise in digital services set us apart from our competitors. www.tieto.com
