Cutting through the Mobile Payments Confusion

The hype around using mobile technology for payments is growing. The current information overload includes concepts such as using a mobile phone as a payment device, mobile banking, mobile commerce, and mobile payment acceptance. For merchants, however, it is mobile payment acceptance solutions that presents the most immediate business opportunity.

Mobile technology has been an important part of payment processing for many years, and new technologies represent evolution of the idea. Newer concepts, such as the use of smartphones as payment terminals, have captured the most attention.

Focusing on mobile acceptance, this white paper will explore different mobile processing scenarios, provide a better understanding of the benefits of the various solutions, and help merchants understand how and when to take advantage of them.