OECD Release Policy Guidance on Mobile and Online Payments

June 13, 2014

The OECD Committee on Consumer Policy has issued "Policy Guidance on Mobile and Online Payments" to boost consumer protection and to promote policy efforts to strengthen consumer protection while spurring innovation. The guidance addresses several key issues in the emerging mobile and online payment area, including the need to establish minimum levels of consumer protection across payment mechanisms, enhanced privacy and child protection, and standards for transparent and accessible information disclosures.