Contactless Cage Match: FTC meeting debates regulation of RF payments
Uniform standards for contactless and mobile payments and greater security were two of the suggestions made during a Federal Trade Commission-hosted Town Hall meeting in Seattle, Wash. yesterday. The session was co-sponsored with the Technology Law and Public Policy Clinic at the University of Washington and was designed to explore the growth of contactless payment systems and their implications for consumer protection.
“Everyone has an agenda here,” said Tom McAndrew, director of IT governance and compliance services for Coalfire Systems, a cybersecurity firm.
He was right. The meeting featured input from technologists, academicians, consumer protection officials and consumer advocates.
Titled “Pay on the Go: Consumers and Contactless Payment” the meeting ostensibly was a follow up to the FTC‘s November 2006 hearings, “Protecting Consumers in the Next Tech-ade,“ which examined technological and business developments as they relate to consumers.
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