Will mobile phonesreplace your wallet?     The State of Mobile Payments Today                  June 2012                  ...
Is cash becoming obsolete?• A recent Pew Research study  suggests mobile payments may  replace cash by end of 2020• 65% of...
Terms You Need to Know• Mobile payments Financial transactions being processed wirelessly through mobile phones, via apps,...
Who are the major companies leadingthe mobile payments transformation?                                      4
Some of The Major Players…                             5
What Google is DoingGoogle Wallet• Google’s answer to mobile  payments is Google Wallet, an  app that enables mobile  paym...
What Amazon is DoingAmazon Mobile Payments Service• Amazon offers MPS – Mobile  Payments Service• The NFC-based service en...
What PayPal is DoingPayPal + Bling• PayPal has partnered with  Bling Nation, a startup that  has been installing contractl...
What Major Credit Card Companies are Doing• Contractless payment  stations that use credit  cards can easily accept  payme...
What Major Mobile Carriers are Doing• Verizon, AT&T, and  T-Mobile have partnered  to launch an NFC-  powered contractless...
Let’s see some real world examples…                                      11
VeriFone Leading Mobile Innovation                   “   The buses in Turkey are equipped with GPS tracking and are       ...
Major Cities Adopting Mobile Payment Solutions• The city of Denver uses  Parkmobile, an app that  handles parking payments...
Taxis Already Using Mobile Payments                      • GetTaxi is a simpler, faster                        way to orde...
MasterCard PayPass• MasterCard recently unveiled a new brand identifier  called MasterCard PayPass Ready• It certifies NFC...
Flash Valet• Flash Valet is a cloud-based solution that enables valet  parking operators to track vehicles, manage multipl...
The next generation of smartphonesthat give you the power to pay.                                     17
Which phones are NFC-capable?Here are just a few of the new breed of smartphones withbuilt-in NFC technology, enabling mob...
Where do Apple & Microsoft stand?• One of the most popular       • Not to be left out of the  Apple rumors of late is     ...
iWallet: Coming Soon to the iPhone?• Apple recently filed for a  new patent hinting at an  “iWallet” NFC-powered  mobile p...
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Will Mobile Phones Replace Your Wallet? - The State of Mobile Payments Today

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Will mobile phones replace your wallet? An exploration of the state of mobile payments today, the major players leading the transformation, and the technology that's making it possible.

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Will Mobile Phones Replace Your Wallet? - The State of Mobile Payments Today

  1. 1. Will mobile phonesreplace your wallet? The State of Mobile Payments Today June 2012 1
  2. 2. Is cash becoming obsolete?• A recent Pew Research study suggests mobile payments may replace cash by end of 2020• 65% of respondents said they believe most consumers will have embraced “smart-device swiping” vs. cash for purchases• However, 33% said they do not trust devices with Near Field Communications (NFC) technology Source: http://mashable.com/2012/04/17/mobile-payments-2020/ 2
  3. 3. Terms You Need to Know• Mobile payments Financial transactions being processed wirelessly through mobile phones, via apps, NFC (see below), and other technologies• Near Field Communication, or “NFC” Technology that allows data to be transferred by tapping a phone on the surface. In the case of mobile payments, transactions can be made by tapping your NFC- capable phone at a merchant rather than handing over your credit card.• Digital wallet, or “e-wallet” General term describing the shift toward digital payment solutions, such as mobile payment transactions, versus physical cash 3
  4. 4. Who are the major companies leadingthe mobile payments transformation? 4
  5. 5. Some of The Major Players… 5
  6. 6. What Google is DoingGoogle Wallet• Google’s answer to mobile payments is Google Wallet, an app that enables mobile payments and loyalty cards using NFC• Citi, MasterCard, Sprint and First Data partnered with Google for this product launch 6
  7. 7. What Amazon is DoingAmazon Mobile Payments Service• Amazon offers MPS – Mobile Payments Service• The NFC-based service enables consumers to pay for goods at brick-and-mortar stores using their smartphones + Amazon’s MPS app• Amazon is pushing to become one of the biggest players in mobile commerce 7
  8. 8. What PayPal is DoingPayPal + Bling• PayPal has partnered with Bling Nation, a startup that has been installing contractless payment terminals at local merchants since 2008• When users attach an NFC- enabled sticker to their phone, they can swipe to make payments & receive rewards• Users now have the option to pay using their PayPal accounts 8
  9. 9. What Major Credit Card Companies are Doing• Contractless payment stations that use credit cards can easily accept payments that use• Most major credit card companies have started the process of distributing payment stations to provide “tap-and-go” payment processing 9
  10. 10. What Major Mobile Carriers are Doing• Verizon, AT&T, and T-Mobile have partnered to launch an NFC- powered contractless payment network called “Isis”• Initially it was partnered with just Discover, but recently Visa, MasterCard, and American Express have also signed on 10
  11. 11. Let’s see some real world examples… 11
  12. 12. VeriFone Leading Mobile Innovation “ The buses in Turkey are equipped with GPS tracking and are constantly reporting their location to Verifone’s system in the cloud. “ VeriFone then sends messaging to signage at various bus stops to inform travelers that their ride is only four minutes or so away. —Paul Rasori VeriFone’s Senior Vice President of Marketing• VeriFone is one of the most innovative mobile payment providers currently testing the mobile payment waters• They recently deployed validator technology on bus systems in Turkey which allows travelers to tap a pre- paid, contractless card issued by the country’s transportation authority to make bus travel easier & more efficient 12
  13. 13. Major Cities Adopting Mobile Payment Solutions• The city of Denver uses Parkmobile, an app that handles parking payments and alerts you when your meter will expire• If you take the light rail around Denver, you can use the app to pay for parking your car at the nearest station• The app is available for iOS, Android, BlackBerry and Windows phones 13
  14. 14. Taxis Already Using Mobile Payments • GetTaxi is a simpler, faster way to order a taxi from your mobile phone • Watch your taxi on a map in real time • Travelers can also use the app to pay their taxi fares instantly and earn rewards • GetTaxi is popular in the UK, Israel, and Russia 14
  15. 15. MasterCard PayPass• MasterCard recently unveiled a new brand identifier called MasterCard PayPass Ready• It certifies NFC-capable phones, such as the LG Viper, HTC One X & others as “tested and certified by MasterCard” for use with its PayPass technology 15
  16. 16. Flash Valet• Flash Valet is a cloud-based solution that enables valet parking operators to track vehicles, manage multiple locations, and keep track of employee time & attendance as well as accept mobile payments from customers• It’s currently only available for iOS, but BlackBerry, Android and Windows versions will be rolled out soon How Flash Valet Works: When customers drop off their cars they are given a ticket with a phone number. When they are ready to retrieve their car, they send a text message to the number along with their ticket number which alerts the valet parking attendant through the Flash Valet mobile app. When the car is ready for pickup, the customer receives a text message and can pay for their parking with a credit card or PayPal. 16
  17. 17. The next generation of smartphonesthat give you the power to pay. 17
  18. 18. Which phones are NFC-capable?Here are just a few of the new breed of smartphones withbuilt-in NFC technology, enabling mobile paymentprocessing: Samsung LG Viper HTC One X Galaxy Nexus 18
  19. 19. Where do Apple & Microsoft stand?• One of the most popular • Not to be left out of the Apple rumors of late is party, Microsoft is also that the iPhone 5 will be rumored to be planning NFC-enabled – the same NFC capabilities for its rumor turned out to be next Windows phone false regarding the iPad 2. releases 19
  20. 20. iWallet: Coming Soon to the iPhone?• Apple recently filed for a new patent hinting at an “iWallet” NFC-powered mobile payment capability for the iPhone• The patent describes a Parental Controls system that would enable parents to control how their children are spending money via their phones Source: http://mashable.com/2012/03/09/iwallet-apple-patent-iphone/ 20

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