The use of mobile phones in the Unites States is widespread and a large portion of the population use them for more than just making a call. These devices can be outfitted with applications that can improve the way people conduct their lives, and a potential application rapidly gaining interest is the ability to use a mobile phone as a payment device at a retail location.
Not only could a consumer simply wave a mobile phone in front of a reader and have his bank account debited automatically, but using the phone's computing and communication power, the customer could perform many other value-added activities at the same time.
Download this document to learn about the future prospects for mobile payments in the United States. Topics discussed include:
Technologies for mobile payments: Near-Field Communication and Short Message Service
Mobile payment practices and technology in Japan, Korea, and Spain
Mobile payment prospects for the United States
Comparisons between the United States and other countries
Considerations for widespread implementation of mobile payments
Industry-wide technology standards and business policies