NFC Journal

In March 2007, John Philip Coghlan, then CEO of Visa USA, made the highlighted announcement at the CTIA Wireless Conference. Yet only a few years ago, people were still saying: Some day, we will pay using mobile phones. The Smart Card Alliance and related industry groups representing financial institutions, merchants, and mobile operators have talked and written about ‘some day’ for almost a decade. But now, virtually every industry group involved in the transaction chain is investigating the use of mobile payments. And mobile payment will soon be a standard transaction method for payment in many North American merchant locations and the Smart Card Alliance says it is time to leverage NFC and contactless payments.

What has happened to move mobile payments from ‘some day” to ‘inevitable?’

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