Talks are ongoing between Australia's financial institutions and its mobile banking and payments companies, to establish a new security protocol. The new protocol aims to address the levels of security and privacy requirements for customer-sensitive information for banks and payment companies such as Samsung Pay, Android Pay, and Apple Pay. The proposed agreement would involve Samsung, Google, and Apple signing a voluntary code to maintain certain levels of security, which the regulator would then have the power to enforce.
Talks are ongoing between Australia's financial institutions and its mobile banking and payments companies, to establish a new security protocol. The new protocol aims to address the levels of security and privacy requirements for customer-sensitive information for banks and payment companies such as Apple Pay, Android Pay, and Samsung Pay. The proposed agreement would involve Apple, Google, and Samsung signing a voluntary code to maintain certain levels of security, which the regulator would then have the power to enforce.