Why mobile payments haven’t gone mainstream

Posted by & filed under IT Strategy, IT Trends, NFC/Near-Field Communication, Wiki, Wireless.

Discussion:  In early 2011 there was talk that mobile payments would be the next big thing with smartphones.  However, Christmas is almost here and mobile payments are nowhere to be seen.  Besides making charge purchses easier, NFC technology also may allow retailers to collect valuable informaiton about their consumers that could improve sales.  It seems as… Read more »

Why mobile payments can’t come soon enough

Posted by & filed under Competitive Advantage, Cyber Security, E-Business, E-Commerce, IT Infrastructure, IT Trends, TPS/Transaction Processing System.

Discussion: New mobile payment devices, from companies such as Google, Square, and Intuit, may replace the need for credit cards.  The new digital payment systems transform mobile devices into credit-transaction devices, which basically allows customers to scan their phones as a method of payment.  Besides convenience, the long-term benefits of mobile payments include real-time feedback… Read more »