Edgar, Dunn & Company Study Optimistic on Mobile Payments
Growth in the mobile segment has led to many businesses enhance their communication base and achieve soaring business. While that is a good thing in developing a market and it latent potential to grow further but one challenge comes across to haunt mobile operators. That is the payments; it has caught attention of industry leaders in a big way. But going by a survey, there is nothing to worry. A first of its kind survey was conducted by Mobile Payments World (CTIA booth #4152) and Edgar, Dunn & Company to assess the collective vision for mobile payments from global thought leaders in payments and financial services. The study came with an outcome on how and when mobile payments will achieve critical mass, with data illuminating the key market challenges and opportunities. It has captured a sense of optimism prevails amongst the payments professionals about the future for mobile payments.
The 2006 Mobile Payments Study was announced at the CTIA Wireless 2006 NFC Technology Summit titled - New Mobile Consumer Services with Near Field Communications. Significantly, more than eight out of 10 survey respondents believe that mobile payments will reach a critical mass of consumers and become as important as other types of payments, such as credit and debit cards. Though it is accepted among the group that industry will take its time to mature and develop, which could be factor that make the whole scenario of the study a little iffy. The perceived barriers and challenges between traditional payment providers such as financial institutions and credit card schemes and newcomers into the payments value chain is another area of concern. Findings also included anticipated adoption curves for both online and physical world mobile payments
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Cari Adamek
October 27th, 2006 at 1:58 pm
I found your article about Adjusted Balance Method being the best. However, I’ve yet to find a credit card that offers that method. Is there a website that has a spreadsheet of all the factors of credit cards with their terms? I am annoyed because I pay off my credit card every month but left $2000 unpaid this time. I am being charged finance charges on almost $4000 due to the average daily balance method which amounts to about 20% APR instead of the 10% touted. I mean, give me a break, I ‘borrowed’ $2000, not $4000! I had no idea that this was being pulled by the credit card companies. No wonder thay make so much money — I call it usury. In any case, I’d like to switch to a more reputable credit card company but I’m not sure one exists. Please advise how to find them. Thanks!