Consumer Law

Highlights from Mobile Payments: Global Markets, Empowered Consumers and New Rules

By Colin Hector

by Colin Hector & Liz Eraker

Last month,the University of Washington, School of Law and the Samuelson Law, Technology & Public Policy Clinic at U.C. Berkeley Law School convened representatives from regulatory, academic, industry, and public interest communities for a day-long conference exploring the growth of mobile payment, or m-payment, systems. Experts discussed the promises and pitfalls of mobile payment systems in developed and developing markets, and evaluated various regulatory approaches to protecting consumers while ensuring continued innovation in the industry.

Although the conference covered a wide spectrum of topics, three basic questions provided a foundation for much of the discussion. First, to what extent will mobile payment systems develop as an independent payment system? Second, what are the consumer expectations concerning the security and integrity of m-payment systems? Finally, what regulatory models appropriately reflect these expectations while ensuring the continued development of this burgeoning technology?

Detailed highlights of the participants' discussion of these questions after the break.

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Full post as published by CL&P Blog on December 01, 2010 (boomark / email).