[…] Verifone an established global leader in the electronic payments market, recently carried out a survey based on 1,000 applicants in the US to find out which was used the most: Leather Wallet or Mobile Wallet? […] Are mobiles the new wallets? | DSMMCM1415
Off course we know from the beginning this is not only a chicken and egg issue. Acceptance infrastructure and NFC terminals are not enough to make all these things happening. The value proposition to the merchant and the consumer is the key issue. And noone has the answer for the moment. Because proposing something unique to the consumer requires to build such a complex ecosystem that all attempts have failed until now. Google, banks, Visa, MC, Telcos noone has succeeded. Will Apple change this? not sure but we can continue to dream Geiben
I think there are a lot of people like me who have different reasons than you cited for avoiding NFC for payments. I happen to be a highly technical person who designs security products, but I think a lot of people who are less directly involved will have the same kinds of issues with NFC. It's easy to list some of them.
- My plastic payment cards work just fine, and are more convenient for me to use than something requiring me to pull out my phone and (god forbid) start an app, or enter a password, or anything else like that.
- My phone is a highly complex computer with connections to networks and with many apps that I do not trust very much. In other words, hackers may be able to attack my phone, or malware may be in the phone already. Neither of these are possible with my plastic payment cards, even EMV cards that have an on-card small computer.
- I do not want merchants or anyone else to be tracking where I go, or presenting me with unsolicited advertisements or "offers". By using my payment cards, I avoid that annoyance. TWA