Billing Revolution is among a crop of startups that are trying to build mobile-payments businesses that don’t rely on new technologies like near-field communication (NFC), a sophisticated interactive technology that has become bogged down in disputes between banks and mobile carriers. That could be an advantage for the startups, say some. “I continually hear from payments-industry players, ‘How do I make money now on mobile payments,” says Todd Ablowitz, president of Centennial, Colo.-based consultancy Double Diamond Group, in an e-mail message. “Anything that can generate revenue?without waiting for macro changes in the landscape (like NFC phones)?is highly attractive.” Ablowitz says he is advising Billing Revolution.
Digital Transactions News, September 24, 2009
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