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Hurdles seen to widespread use of mobile payments

Zach Miners | Feb. 8, 2013
Forget fumbling with cash and credit cards; smartphones have long been seen as a way to make in store purchases faster and easier. But several challenges need to be overcome before the technology takes off.

And while consumers in the U.S. wait for mobile payments to go mainstream -- it's already widely used in some countries, like Japan -- there are related smartphone technologies that can be developed along the way to make shopping easier, like apps for comparing prices or advising people which credit card to use to make the most of their loyalty rewards points.

 

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