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SXSW panelists: Mobile payments poised to take off in US

Cameron Scott | March 12, 2012
Mobile payments will become ubiquitous -- really, this time -- in the next few years, according to a panel discussion at the SXSW conference Saturday.

Also, a lost or stolen wallet app, unlike a lost or stolen "leather wallet," can be de-activated with one call to the mobile provider, said Gordon Beatty of Gemalto, a digital security vendor.

Beatty added that if a handset battery dies, the user would not be left without access to mobile payments, because the NFC reader could access the app with its own juice. However, in an example of some of the kinks that still need to be worked out, Hughes told the crowded ballroom that Isis had blocked that function in order to ensure that the wallet app was always protected with a PIN number.

 

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