Several players are trying many technologies to allow mobile payments, says industry analyst Todd Ablowitz, president of Centennial, Colo.-based Double Diamond Group.

“As companies continue experimenting, they have tried chips in or near phones, dongles, stickers, carrying cases and other methods,” Ablowitz says. “And the truth is, there will always be multiple solutions available.”

U.S. Bank has surely done its research and surmised that its traveling customers would use the Go Mobile system, Ablowitz says. “What we don’t know is if the bank wants to spur mobile payments or they view this as a good marketing angle in providing this service to those customers.”

Still, there is little doubt that the industry will continue to see efforts made throughout 2013 that combine phones with the payments world, he adds.

Payments Source, January 10, 2013
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