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The announcement represents a signal that CorFire intends to be a long-term player in mobile commerce, one analyst contends.

“There is going to be some shakeout of (m-commerce) players as to who can really provide the service and perform,” says Todd Ablowitz, president of Double Diamond Group, an industry consulting firm based in Centennial, Colo. “But this is an enormous market, and these companies will fit into where they are used to performing in the ecosystem.”

As such, CorFire intends to rely heavily on its experience in Korea, where its parent, SK C&C, has more than 40,000 merchants using its products, Ablowitz tells Payments Source.

Payments Source, August 4, 2011