Overview
Boston, MA
April 2006
Mobile Payments In The United States: SMS and NFC Implementations Enter The Market
NEW RESEARCH REPORT BY MERCATOR ADVISORY GROUP
In recent months, leading payment organizations have introduced mobile payment offerings to the market. One offering, from PayPal, joins a small but growing market of SMS payment providers. The other offering, from MasterCard and Visa, expands the contactless network to an NFC platform embedded into a mobile phone. Which technology is better positioned for success?
"It's an interesting question," offers Mike Friedman, Director of Mercator Advisory Group's Emerging Technologies Practice and author of this report, "because the two platforms are not mutually exclusive. Both offer tangible benefits to merchants and consumers, and both, in many ways, face the same hurdles to implementation and customer adoption."
Mobile Payments In The United States examines the two most relevant mobile payment technologies, NFC and SMS, in the United States market. Using the recent activity as a guide, the report discusses the mobile payment platforms being offered by companies including MasterCard, MobileLime, TextPayMe, PayPal, and Visa. Individual offerings are evaluated with an eye toward market strategy and the potential hurdles each product will face.
The report also examines the potential for mobile payment adoption in the United States. Consumer adoption will require a balanced provision of convenience and flexibility against security and privacy concerns. In addition the viability of carrier dependent business models is probed. The roles carriers and payment networks will take in a mobile payments world continues to be debated among market participants, and it is critical that these questions be adequately resolved.
One of the two exhibits included in this report:
The report is 27 pages and contains 10 exhibits.
Members of Mercator Advisory Group have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits. Please visit us online at www.mercatoradvisorygroup.com.
For more information call Mercator Advisory Group's main line: 781-419-1700 or send email to info@mercatoradvisorygroup.com.
Learn More About This Report & Javelin
Related content
High-Yield Savings Accounts: An Efficient Way to Fund Credit Card Loans
Credit card lending requires funding, and banks with credit card programs find themselves at an interesting point: The prime rate is at its highest level in decades, and in anticip...
Credit Card Lending Needs a Slowdown; Work with Cardholders to Shield Upcoming Risk
Consumer debt is climbing, and for the wrong reason. Consumptive spending is evident on credit cards, and household budgets are under stress, diminishing the ability of consumers t...
Capital One and Discover: The Potential to Build a Global Payments Ecosystem with Scale
The Capital One acquisition of Discover, if it gains regulatory approval, will create a global force in payments for acceptance, issuance, and processing. To clear the regulatory h...
Make informed decisions in a digital financial world