Certain work is being done around defining standards in the mobile payment space and PCI SSC is one such organization that is working to maintain, evolve and promote the standards among various key parties.

FORBES: How much should you trust your mobile phone?

It is clear that in the US everything is done to make the payment fast and convenient.

FORBES: An European In New York - A Story Of Convenience Versus Security

The cross-border payment is just one of the problems of going about building so-called HS2 the way it's being done.

BBC: Going bananas for speedy rail