June 2007

Jim Breune of Mobile Money and Banking posted a good write up of the inaugural Mobile Commerce Summit. Major themes: Mobile banking has arrived Mobile payments, at least in the U.S., are some years away; widespread adoption needs a critical mass of contactless terminals Short-term, mobile banking will be delivered through a mix of text […]

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James Van Dyke at Javelin weighs in on the fervent anticipation of contactless payments. He observes that the current "closed loop" versions of contactless payment do not offer sufficient value to merchants or consumers to drive adoption. Van Dyke recounts his own personal, frustrated, attempts to use contactless payment methods (only 1 in 10 succeeded). […]

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