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Wireless

M-payment is rising, but m-banking is challenging

Friday 16 January 2015 | 14:22 CET | Author: Bart Garvelink | Background
The mobile industry is fast-tracking mobile commerce, as countless Silicon Valley companies try and some do build multi-billion dollar businesses. The banking sector in the United States is slower at moving towards mobile payments. The payment infrastructure is gradually moving away from the traditional magnetic stripe card. Replacement will come in the shape of an EMV chip, but also in mobile, NFC-based communications. However, banking itself must also be adapted to mobile.

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Categories: Mobile & Wireless
Companies: Apple / VeriFone / VocaLINK / Zapp
Countries: United States
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