Mobile Payments, a concept that dates back as far as the late 90's with technology like SMS, continues to evolve with every new mobile technology and form factor introduced into the market. Just recently Apple introduced Apple pay with its Apple Watch scheduled to be released April 24th 2015 . Apple Watch uses a mini version of Passbook to hold your credit and debit card info for payments.
Although Apple is getting a lot of buzz lately because of Apple Pay and Apple Watch, Apple is by no means the only major player in this space. Company's such as PayPal, Chase, Square, BrainTree, Google, Microsoft, Amazon, and the list goes on are all coming up with Mobile Payment solutions. The players ranges from tech giants to financial ones to retail. Each of these players have a different objective and has approached mobile payment from a new angle. So will there be one solution that will win? Or are all these meant to co-exist and solve a different problem within their own domain?
Company's like Starbucks have succeeded with its Bar Code-Powered Payment App. Business Insider reports that by 2015 over half of restaurants will offer mobile payment apps and a consortium of major retailers are looking into developing a payment app. So why is Mobile Payments so important? What is in it for each of these players? What technologies are these companies using for Mobile Payments? Are these solutions secure? How will e-commerce and m-commerce shape these payment methods? Will your mobile device replace your wallet? and what can we expect next? Is it Beacons? Wearables? BitCoins? Oh my!
Join Thomas Jean ( Business Intelligence ), Jamal Rogers ( Technology Evangelist ), Jared Johnson ( The Strategist ), and Chad Howard ( The Product Analyst ) as they take us through a journey exploring Mobile Payments in depth from its beginnings to what we can expect next. Do I need to say it? You won't want to miss this one!!
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