Posted on Sun, Nov. 26, 2006 The day may be coming when cell phones will replace credit cards, cash and checks CONSUMERS, MERCHANTS NEED CONVINCING; SYSTEMS BEING TESTED By Mark Schwanhausser Mercury News Security, privacy concerns must be overcome The future is now …Many experts think consumers already hold the future in the palm of their hands: cell phones that can be upgraded for all sorts of electronic commerce. The day is coming, they predict, when the cell phone will replace your wallet. It will embody your debit card, checkbook, credit cards, gift cards, phone cards, even that stack of tattered cards punched full of holes each time you buy a latte, bagel or pie. ``Debit cards, credit cards, bill-pay? That's where the puck is. Where the puck is going is definitely the cell phone,'' said Richard K. Crone, who heads Crone Consulting in San Carlos, which tracks electronic payment services. ``We've only begun to see the potential. It's limited only by creativity.'' Being tested…
Click the link above for the 2006 Payments Survey:
RESEARCH REVEALS INSIGHT INTO CONSUMER BILL PAY PREFERENCES AND
AN INCREASING TREND TOWARD EXPEDITED PAYMENTS
Updated Research commissioned by Fort Knox National Company with Crone Consulting and Javelin Strategy & Research Identifies Consumer Bill Payment Preferences and Increasing Use of Electronic Expedited Payments
