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MeT Initiative releases first specifications for secure mobile transactions The specifications define how secure electronic transactions will be performed on a mobile phone San Diego, California February 27, 2001 - MeT, the initiative sponsored by Ericsson, Motorola, Nokia, Panasonic, Siemens and Sony, has today announced the public release of its first set of mobile e-commerce specifications. In less than a year of existence, the MeT initiative has led to the introduction of new specifications on mobile phone functionality for mobile e-commerce. In addition to the specifications, a document on ticketing and several usage scenarios were presented for discussion purposes. The specifications can be downloaded free of charge at http://www.mobiletransaction.org. "The MeT initiative is very pleased with the fast development of the specifications. With these specifications we are complementing the work of other industry standardization bodies and preparing the market for trusted mobile e-commerce services globally. The initiative is inviting all interested parties to give feedback and comment on the specifications," said Martti Granberg, Chairman of the MeT initiative. The MeT Associate Members, including security vendors, systems integrators, and mobile network operators, reviewed the specifications in the first Associate Member Summit in early February. The first specifications consist of 5 main documents: MeT Core Specification, MeT Personal Trusted Device Definition, PTD Security Requirements, MeT Consistent User Experience, and MeT Terminology. The impact of the release will be seen in the mobile phone products and other solutions that will be launched by various MeT initiative sponsors and members during this year. The MeT technologies and concepts will work on all networks, with all services, and from all mobile devices. They will draw on existing industry standards such as Wireless Application Protocol (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 for e.g. financial and corporate services and use of mobile payment mechanisms such as credit cards, debit cards, loyalty schemes, and ticketing. More information can be found at http://www.mobiletransaction.org. About Ericsson About Motorola, Inc. About Nokia About Matsushita About Siemens IC Mobile About Sony For further information, please contact: Bo Albertson, Marketing Director Communications Patrick Hamilton, Motorola Pekka Isosomppi, Nokia Yasuharu Enda, Matsushita Communication Industrial Co., Ltd. Georg Wolf, Siemens ICM Mobile Devices Ted Kanno, Public Relations Department, Sony Corporation
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