The mobile phone payments have become one of the most innovative ways of linking people, virtually. However, some insights here are worthy noticing: 1. The consumers' data is bound to be misused by the service providers. Because no one is monitoring the use of the data kept by the providers, it becomes imperative for the providers to employ illegal measurements, which include disclosing subsriber's identity to third parties, who might use them to carry out malice. We've heard cases of subscribers being victims of fraud or threats. I can attest to two of these cases. 2. With lack of data protection mechanism, no one really knows what happens when such data is stored with service providers. Can such data be disclosed after a certain period, so that it becomes public accessible? Indeed consumer needs to be protected from any incident that might hinder proper usage of mobilebanking efficiently. On 03/07/2011, Barrack Otieno <otieno.barrack@gmail.com> wrote:
Dear Listers,
Mobile payment platforms continue to offer tremendous amount of services and innovation, with the ability to exchange, transmit and store data and content embedded within payments systems. • What are the challenges in balancing consumer protection and regulatory oversight particularly regarding privacy and ownership of information/content and data? • What is the role of policy and regulation for successful transition to new mobile payment channels?
the floor is open, feel free to contribute to previous topics as we carry on with the discussion
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno _______________________________________________ Skunkworks mailing list Skunkworks@lists.my.co.ke http://lists.my.co.ke/cgi-bin/mailman/listinfo/skunkworks ------------ Skunkworks Rules http://my.co.ke/phpbb/viewtopic.php?f=24&t=94 ------------ Other services @ http://my.co.ke