Cashless electronic payments are the latest rage. Estimates for smartphone payments using NFC chips is expected to explode, though many estimates are being adjusted. The technology seems to be expected but digital wallet offerings are lacking for sure. AT&T customers still cannot use the default Google Wallet app, and ISIS is in a forever Beta mode. Starbucks seems to have embraced NFC based electronic transactions as well as digital wallet providers Lemon, LevelUp and others. Sprint adopted Google Wallet early on, while Verizon, AT&T and T-Mobile users have been waiting for ISIS to come out of beta in Texas and Utah test beds. The other half of the problem, adoption, is slow as merchants need to invest in new credit card terminals and readers that incorporate the NFC technology to be able to accept these digital payments. Read more of this article »
Posted in Electronic Payments Tagged with: AT&T, Cashless electronic payments, Debit Card transactions, Gift Cards, Google Wallet app, GPS, Lemon, LevelUp, Loyalty Programs, MicroChip Payments, nfc, NFC chips, Offerings, RFID, smartphone, T-Mobile
