The Mobey Forum, the bank-led mobile financial services organisation which organises the Mobey Day event to try to foster more standardisation and innovation around m-payments and m-commerce, has announced 12 new members.
Allied Irish Banks, CIBC and Gulf Bank are the latest to join the Mobey Forum as full members, while Accarda, Accenture, BKM A.S. (Interbank Card Center of Turkey) and Monitise have joined as associate vendor and processor members, as have UL (formerly Collis), Fiserv, Metaforic, Welcome Real-time and Redsys.
“Mobey Forum is delighted to welcome such renowned and respected names to our membership ranks,” said Sirpa Nordlund, executive director at Mobey Forum. “It is thanks to the knowledge, expertise and insight of our members that [the] Forum is able to continue its efforts to safeguard and advance the development of mobile financial services.
“Mobey Forum has increased its engagement with a wider range of stakeholders in line with the changing needs and focus of the industry,” added Nordlund. “As more projects roll out, the industry is starting to identify commonalities upon which a user-friendly ecosystem can be built. Now, more than ever, banks and financial institutions must collaborate with a range of technology providers if they wish to retain and extend their role within the mobile payments value chain.”
In March, responding to these developments, Mobey Forum redefined its ‘articles of association’ opening full member status to all supervised payment institutions and offering institutional membership to not-for-profit organisations also seeking to participate in its activities. In May, the association announced its own participation in the Trusted Computing Group’s Industry Liaison Programme and is trying to form collaborations with a host of other related industry bodies.
Working alongside Mobey Forum’s existing members - comprising banks, financial institutions, payment processors together with a range of mobile technology providers - the new organisations will have the opportunity to contribute to the development of the association’s white papers, participate in dedicated task forces and workgroups and attend quarterly member meetings. These member-only sessions should provide a platform for members to come together to debate, discuss, share knowledge and promote industry best practice.