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Strategies & Market Trends : Value Investing

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To: Mr.Gogo who wrote (40666)	12/17/2010 9:51:33 AM
From: Jurgis Bekepuris	Read Replies (2) of 78666

Does anyone know how the new payment method with the smartphones will affect the credit card companies? Will this be a service offered by the credit cards? Or will the phone companies do the processing. Which payment method? ;) There are at least twenty different proposals and startups in this space. Some of them are backed by Visa, MC, some by banks, some by mobile service providers, some by phone manufacturers, some are just independent software companies. At this time, it's not clear which one(s) will win and IMHO none of them will make any dent in V/MA market for at least 5 years. The regulatory fee cuts are much more material and significant although they are US only so far. However, Europe may follow suit and as we know from Wikileaks (oh no ;)), Russia + some other countries are trying to push back against V/MC with homegrown "national" card solutions.

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