SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Shane M who wrote (40680)12/17/2010 9:28:16 PM
From: Jurgis Bekepuris  Read Replies (2) of 78670
 
Phone payments: users may want it - only if it's painless and secure though!

The big problem with adoption is point-of-sale infrastructure. It's difficult to persuade retailers to add anything at the POS. Look how chip cards failed in US and that was perhaps smaller change than phones. How often have you used Blink, Paypass or Paywave? Almost nobody even heard about them even though they are Chase's, MasterCard's and Visa's technologies. Europe and I think Japan are somewhat better about this, but retailer adoption is the real threshold for any pay innovation. Companies have tried to push phone payments for almost ten years now with very little success. It might be that some app on iPhone will break the market someday, but I wouldn't hold my breath for massive adoption.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News