[OPLIN 4cast] OPLIN 4Cast #213: Mobile phone payments

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OPLIN 4Cast

OPLIN 4Cast #213: Mobile phone payments
January 19th, 2011

iPhone dollar bill 
<http://www.oplin.org/4cast/wp-content/uploads/2011/01/iphone_pay.png>Perhaps 
you've seen some video 
<http://feedroom.businessweek.com/?fr_story=e85bc4a06b9d8715425b7337bb93c2be7a044a9b%20> 
of people waving their smartphone at a device to 
automatically pay a fee. Perhaps you've wondered if this is 
something your library should be investigating as a way for 
patrons to pay library fees. This week's /OPLIN 4Cast/ takes 
a brief look at the rapidly emerging technology of mobile 
payments. This is not an easy technology---or rather, 
technologies---to explain in this short format, so the 
articles cited and quoted below should be considered entry 
points to deeper information. To start off, however, it's 
helpful to clarify some jargon. "NFC" refers to Near Field 
Communication, in which a smartphone with a special card 
installed is waved near a reader; "carrier billing" refers 
to adding the cost of a purchase to the buyer's phone bill; 
and "credit card swiping," in this context, refers to 
attaching a small credit card reader to a phone.

    * Mobile credit card swiping battle continues
      <http://www.readwriteweb.com/archives/iphone_credit_card_swiping_battle_continues.php>:
      a look at 4 rival technologies (ReadWriteWeb/Sarah
      Perez) "Square <http://squareup.com/>, the mobile
      payments company launched in 2009 by Twitter
      co-founder Jack Dorsey, is the name most often bandied
      about in tech circles these days when it comes to talk
      of credit-card swiping attachments made for iPhone.
      But Square was never alone on the mobile payments
      battlefront..."
    * Android Market carrier billing comes to AT&T
      <http://arstechnica.com/gadgets/news/2010/12/android-market-carrier-billing-comes-to-att.ars>
      (Ars Technica/Ryan Paul) "Nokia claims that support
      for carrier billing has increased Ovi store
      application sales by more than ten times. The feature
      has a particularly profound impact in regions where
      credit cards aren't ubiquitous. Google could see a
      similarly dramatic improvement in Android application
      sales as it gets more network operators on board."
    * In the works: a Google mobile payment service?
      <http://www.businessweek.com/technology/content/dec2010/tc20101231_087039.htm>
      (Business Week/Olga Kharif) "A single NFC chip on a
      mobile phone would hold a consumer's financial account
      information, gift cards, store loyalty cards, and
      coupon subscriptions, say the people familiar with
      Google's plans. Users may also be able to make online
      purchases from their phones. By scanning a movie
      poster, for instance, a consumer might read reviews
      and use the Google service to purchase tickets. 'NFC
      could displace the cash register,' says Charles
      Walton, chief operating officer for NFC chipmaker
      Inside Secure. 'This is going to come superfast.'"
    * 2010 mobile commerce movers and shakers
      <http://www.mobilecommercedaily.com/2010/12/29/2010-mobile-commerce-movers-and-shakers>
      (Mobile Commerce Daily/Giselle Tsirulnik) "AT&T
      Mobility, T-Mobile USA and Verizon Wireless have
      formed a joint venture called Isis, a national mobile
      commerce network that will let consumers use their
      mobile phones to make point-of-sale purchases. The
      initial focus of Isis will be on building a mobile
      payment network using smartphone and NFC technology to
      streamline the payments process for consumers and
      merchants. Isis expects to introduce its service in
      key geographic markets during the next year."

*/Big money fact:/*

IE Market Research projects 
<https://www.iemarketresearch.com/Members/Reports/3Q-2010-Global-Mobile-Payment-Market-Forecast-2010--2014-Global-mobile-payments-users-to-exceed-one-billion-by-2014-with-over-1-trillion-in-transactions-taking-place-in-that-year-RID1534-1.aspx> 
that mobile payment transactions will amount to $1.13 
trillion globally by 2014.
------------------------------------------------------------
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