Comments
PayPal's President Weighs in On Payments Disruptions Coming in 2013
Newest First  |  Oldest First  |  Threaded View
Jonathan_Camhi
50%
50%
Jonathan_Camhi,
User Rank: Author
4/15/2013 | 4:03:54 PM
re: PayPal's President Weighs in On Payments Disruptions Coming in 2013
I think the success of NFC is dependent on if/when EMV adoption occurs. Once merchants make that switch to EMV they are almost ready to start taking NFC payments. But that's still several years away at best.
Alex.Johnson
50%
50%
Alex.Johnson,
User Rank: Apprentice
12/28/2012 | 10:21:38 PM
re: PayPal's President Weighs in On Payments Disruptions Coming in 2013
David Marcus makes several valid points. NFC is not currently offering
any great advantage to consumers. I agree that opening an app and
tapping a phone against a register is not significantly easier than
pulling a credit card out of a wallet and swiping it. The idea of a
"mobile wallet" is going to have to evolve to offer consumers more value
and less risk. Many consumers are worried about what will happen if
their phone dies or loses reception. What happens if their phone is
hacked? Currently, I see NFC-enabled mobile wallets actually creating
more problems than they solve.


Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Dec. 2, 2014
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.