Mobile Payments and the Mobile Money Ecosystem
Security is one of the biggest concerns with mobile banking and mobile money. Ramesh Kesanupalli, CTO with Validity Inc., shared the latest developments in the area of biometric fingerprint sensors. He expects these sensors will be common to mobile devices and smartphones in the near future. Instead of entering a code on the screen of your mobile device, you would just swipe your finger across the sensor and as soon as it “validates” your fingerprint it opens the device or the specific banking application.
- Point of sales (POS) equipment manufacturers
- Banks
- Credit card companies
- Mobile device manufacturers
- Mobile software vendors
- Retailers
- Etc.
It will be fun to see if Chris’ predictions are right.
Dan Homrich and Ed Krufka at Smartsoft Mobile Solutions work in the mobile retailing solutions space and are involved in these issues daily. I will ask them to keep us informed as events around mobile payments, mobile banking and mobile retailing develop.
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Kevin Benedict, SAP Mentor, SAP Top Contributor, Mobile and M2M Industry Analyst
Phone +1 208-991-4410
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Full Disclosure: I am an independent mobility consultant, mobility analyst, writer and Web 2.0 marketing professional. I work with and have worked with many of the companies mentioned in my articles.
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