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Kcb207 followupslides 2011
- 1. Recognising Mobile Payments in a contemporary and consumerist society Presenter Name: Charles McAlister Presentation Date: 09 September 2011
- 2. Overview and Issues Smart-phone revolution has popularised consumption, therefore acting as a catalyst to boost mobile spending. By 2013, global mobile commerce market is estimated at $27 billion. Leading corporations like Google, Apple, Telstra and Visa are cashing in and creating a buzz amongst consumers.
- 3. Issues surrounding ‘Mobile Payment Future’ Security, Privacy and Hyper-Consumerism Your whole life on one device: What happens when your phone is stolen? Identity Theft is a very real threat. Sunny one day, Framed the next? A growing national debt + an EASIER way to spend money = repeat recession and personal, social, national and global strain. Regulation and Infrastructure Openness on bank charges, fine print and merchant surcharges. Consumer protection and responsible money lending. Improvement of phone reception and fix holes in wireless networks to ensure smooth transition into mobile payment systems.
- 4. Resolutions Great opportunity for corporations to further their business with consumers. Giving citizens ease and free time by providing a quick, efficient tool for buying ‘everyday’ goods and services. Societies keeping in step with globalisation, and using advances in technology to improve a way of life. Handling dirty money will be a thing of the past.
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