Mobile Payment Industry : video interviews with Visa and MasterCard
April 14, 2007 [General] | By Edward J. R.
In future people will be paying for everything with their mobile phones, rather than with credit cards. There is no doubt about it and it is only a question of time. Watch these EXCLUSIVE videos, where we interview market leaders - Visa and MasterCard - about mobile payment industry.
Video interview with Visa:
Video interview with MasterCard:
Highlights from the interview with Visa:
new mobile payment platform from Visa is presented and demonstrated
no need to swipe the card - approaching the phone is enough
paying with mobile phone presented with use of smartphone software developed by Visa (rich client experience)
presenting extended capabilities - why mobile phone is better for payments than credit card - among others: phone can show balance of the bank account, etc.
Highlights from the interview with Master Card:
some mobile phones will be equipped with mobile payment ability practically removing the need to carry any card
mobile payment ability available only in few selected handsets
smart tags are low-cost tags (stickers) that store data and can be placed in magazines or various public places to contain information about products, including customer service number
smart tag can be used also as attachment to business cards so that people can call owner of given business card just by moving their phone close to the business card
MasterCard is cooperating closely with Nokia
mobile payment extender will be available also as SD card usable in smartphones
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