Forbes and Gartner Weigh In on Mobile Security Issues

Recently, Darcy Travlos of Forbes published an article in the ‘Intelligent Investing’ column in which she delivered valuable and relevant insights to the Mobile Payments discussion. Here’s why: The main obstacle to mobile payments adoption in the United States is the “security” issue. Travlos begins her article with a reference to the Harris Interactive and Billing Revolution Study which notes a significant drop in consumer security concerns.

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Mobile Payments and the Third World

“…what’s past i prologue.”

– William Shakespeare, and to a lesser extent, Visa Mobile

In the Emerging Markets section of the Visa Mobile page, Visa states, 

Nowhere is (the power of mobile payments) more apparent than in developing economies where mobile penetration outpaces bank card availability. Using existing mobile devices to access and transfer funds, make payments, pay bills or top-up wireless air time, mobile financial services represent a “leapfrog” technology in these under served regions. Read More