While it’s not clear yet which of the many mobile payment systems currently available today will be around for the long haul, there’s no doubt that paying for goods and services with your phone will quickly replace traditional credit cards and cash.
Google is expected to reveal details about Android Pay at its annual I/O conference this week, even as Samsung readies its own separate mobile payment service.
The Apple Watch supports Apple Pay, but it's unlikely that the smartwatch, coming April 24, will significantly boost the number of mobile payments made by U.S. customers.
As more and more smartphone and tablet users shop via their mobile devices, being able to accept mobile payments is becoming a more important element of ecommerce. But does it make sense for your business? Mobile payment service providers Square, PayAnywhere, PayPal and Bank of America discuss fees, security and which types of business would benefit the most.
Near Field Communication will become widespread at some point, most observers agree, especially if Apple eventually puts NFC in an iPhone.
Barclays Bank puts a personal spin on mobile payments with a person-to-person mobile app that lets customers send and receive payments via text messages between iPhone, Android and Blackberry mobile phones.