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But he added that it did not seem likely to generate a compelling product that would give the idea of mobile payments the push it needed.
After a dramatic redesign last year, which included an enlarged screen and the addition of mobile payments, the iPhone 6s and 6s Plus boast more modest improvements.
Besides setting common technical standards for mobile payments, the venture also plans to sell mobile advertising and could set the stage for the future of mobile advertising in Britain.
With the growth of debit cards, electronic transfers, and mobile payments, the use of cash has long been declining in the legal economy, especially for medium and large-size transactions.
In the world of mobile payments, the opposite may well be true.
"Currently Mozilla uses Bango to enable mobile payments," the page reads.
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An article on Wednesday about the Salvation Army's experiment with accepting donations by mobile payments misstated the year the organization was established.
"The challenge for mobile payments for the past decade - and possibly the coming one - is that in theory you can use mobile payments for almost any payment you want, but there are very few that you can only do using mobile.
The new model that we proposed is called the Integrated Model on Mobile Payment Acceptance (IMMPA), and it was designed specifically for mobile payments in the public transport, on the basis of the models previously mentioned.
Although the process of establishing mobile payments within the U.S. market is a top down one, the process of conveying the demand for mobile payments is bottom up.
The State of the Art column on Thursday, about advances in mobile payments, misspelled the name of a company involved in the technology.
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