Ericsson, Matsushita, Nokia, Siemens and Sony Corporation are pleased to announce that NEC has joined the MeT Initiative. The companies are jointly developing an open and common industry framework for secure mobile electronic transactions. The aim of the MeT initiative is to develop safe and easy methods and platforms for conducting e-commerce transactions on mobile phones. MeT also works to facilitate the development of innovative new services and applications, benefiting customers and service providers alike.
“The MeT initiative is very pleased to welcome NEC as its latest member. In a year of existence, the MeT initiative has already achieved success with the introduction of its first specifications for secure mobile transactions. Introducing NEC as a sponsor adds great value to the MeT Initiative and we are looking forward to their contribution to our specification work,” said Martti Granberg, chairman of the MeT Initiative. “We would also like to take the opportunity to welcome all companies active in the secure mobile transactions environment that share our basic views to join MeT.”
“NEC is one of the leading companies in Mobile Internet Industries and expects that Mobile e-commerce business will grow rapidly in the near future,” said Ben Nakamura, Associate Senior Vice President and Executive General Manager of NEC’s Mobile Terminals Operations Unit. “The key to success is open architecture of the specification, and in this sense MeT is playing an important role in the industry. NEC will make its utmost effort to contribute to standardization of the specification.”
The MeT Initiative was formed in April, 2000, with the purpose of jointly developing an open and common industry framework for secure mobile electronic transactions. The initiative uses existing and emerging standards to create a common framework that will facilitate the fast adoption of trusted mobile commerce services globally.
The MeT technologies and concepts will work on all networks, with all services, and on all mobile devices. They will draw on existing industry standards such as 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 and use of personal credit cards, debit cards, loyalty schemes, and ticketing.
More information can be found at www.mobiletransaction.org.
NEC Corporation is a leading provider of Internet solutions, dedicated to meeting the specialized needs of its customers in the key computer, network and electron device fields through its three market-focused in-house companies: NEC Solutions, NEC Networks and NEC Electron Devices. NEC Corporation, with its in-house companies, employs more than 150,000 people worldwide and saw net sales of 5,409 billion yen (US$43 billion) in fiscal year 2000-2001. For further information, please visit the NEC home page at www.nec.com.
Ericsson is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of Mobile Internet. Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for customers all over the world. For more information about Ericsson, visit the Website at www.ericsson.com/pressroom.
Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges. Further information about Nokia at www.nokia.com.
Matsushita Communication Industrial Co., Ltd., a consolidated subsidiary of Matsushita Electric Industrial Co., Ltd., best known for its Panasonic- brand products, is one of the world’s leading manufactures of mobile phones for the global market. The company’s contributions to the mobile communications industry include W-CDMA wireless infrastructure products, information platforms, and terminal products for mobile multimedia. For more information about Panasonic’s mobile communications, please visit www.mci.panasonic.co.jp/english.
About Siemens IC Mobile
The Siemens Information and Communication Mobile Group (26,000 employees, sales of 6 billion EUR in first 9 months of FY 2000) offers a complete range of mobile telephone products including devices, infrastructure and applications. Devices include mobile phones, ISDN phones, mobile organizers, cordless and corded phones. The infrastructure portfolio includes the complete range of network technologies from base stations and switching systems to applications and intelligent networks. For more information about Siemens, please visit www.siemens.de/ic/mobile.
About Sony Corporation
Sony Corporation is a leading manufacturer of audio, video, game, communications and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and on-line businesses, Sony is uniquely positioned to be a leading personal broadband entertainment company in the world. Sony recorded consolidated annual sales of nearly US$ 60 billion for the fiscal year ended March 31, 2001. Sony’s Home Page URL: www.world.sony.comDetails