ANSI X9.134-1:2020

This part of X9.134 defines the general framework of MFSs (payment and banking services involving a mobile device), with a focus on: a) A set of definitions commonly agreed upon by the domestic financial services industry; b) The opportunities offered by mobile devices for the development of such services; c) The promotion of an environment that reduces or minimizes obstacles for MFSPs who wish to provide a sustainable and reliable service to a wide range of customers (persons and businesses), while ensuring that customers’ interests are protected; d) The different types of MFSs accessed through a mobile device including mobile proximate payments, mobile remote payments, and mobile banking, which are detailed in other parts of this standard; e) The mobile financial services supporting technologies; and f) The stakeholders involved in the mobile payment ecosystems.