NFC could very well become a universal standard, but it's far from a sure thing. Eighty-four percent of those polled at CTIA believe it's still at least two to five years away. With all of the different providers looking to compete in the mobile payments space, they will need to find a way to come together, interoperate and make life easier for the consumer.
Plastic payments won't be eliminated, but the industry will need to facilitate an extension of payments beyond the credit card, giving consumers more options. And consumers won't consider the mobile option until the industry works together to develop standards and they understand the benefits. Until then, we'll keep marching on.
Matthew Talbot is senior vice president, mobile commerce, Sybase 365, a subsidiary of Sybase (a SAP company), a leader in enabling mobile information services for mobile operators, financial institutions and enterprises.
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