Widespread Rollout of Mobile Payments Services Expected in 2007

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Widespread Rollout of Mobile Payments Services Expected in 2007

03-24-2006, 11:36 AM,

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mandy Offline

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Widespread Rollout of Mobile Payments Services Expected in 2007

Quote:For years, consumers in many Asian and European countries have bought everything from convenience store trinkets to subway tickets using their cell phones. But the idea has largely been a gadget geek's fantasy in the United States.

Only recently have American banks and wireless companies begun developing mobile payment products. The next wave of technology could wash ashore in the United States within two years.

The biggest push is coming from big banks and card companies, which hope to generate hundreds of millions of dollars in new transaction fees to offset a slowdown in credit card use. With prepaid plans, the companies hope to reach new customers and younger customers who may own cell phones but lack checking or credit card accounts...

full article: http://ecommercetimes.com/story/neUyn1l5...n-US.xhtml

related topics:
TextPayMe new text messaging-based service for sending money using mobile phones
http://community.tuliptools.com/index.ph...502.0.html
PayPal Working On Mobile Payment Service
http://community.tuliptools.com/index.ph...501.0.html

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