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Will That Be Cash, Credit, or Phone?

Imagine: You’ve just finished pumping a tank of gas and it’s time to pay up. Instead of having to swipe your card, enter your PIN, and wait for the system to approve the transaction, you simply wave your smartphone across a terminal and leave.

The technology to make these mobile payments has been available for years— so why isn’t everyone using it?

In short, it’s because the market is young, highly competitive and not yet standardized. Fledgling start-ups and corporate behemoths alike are all vying for a piece of the pie.

Read more on USA Today…


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