Mobile Payments in the United States: Mapping Out the Road Ahead
Mobile Payments in the United States: Mapping Out the Road Ahead
- March 25, 2011
In January 2010, the Federal Reserve Banks of Atlanta and Boston, through their Retail Payments Risk Forum and Payments Research groups, convened a selected set of key players in this country's emerging mobile payments ecosystem. The goal of the meeting was to facilitate a discussion among all involved parties as to how a successful mobile payments (as opposed to mobile banking) regimen could evolve in the U.S.
Over the past 15 months, the self-named Mobile Payments Industry Workgroup (MPIW), met five times to share information and ideas, discuss the barriers and opportunities resident in mobile payments, and ultimately, to suggest a vision for the building blocks of an efficient and ubiquitous mobile payments environment. Ultimately, the discussions of this group, along with additional industry dialogue and literature research, constituted a body of input to the development of a research paper regarding the future for point-of-sale (POS) mobile payments in the United States.
To read the full story, click here: pymnts.com
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightLearning how the mind makes meaning
- Careet RightThere's a surprisingly simple way to reduce misbehavior in prisons, but will anyone pay attention?
- Careet Right5 big questions about prediction markets and gambling
- Careet RightWeatherall named fellow of the American Physical Society
- Careet RightLightening the mental load