Are Mobile Payments the Smart Cards of the Aughts?
In the past few years, payment networks and banks have begun to follow in the footsteps of start-up companies and offer mobile platforms, meaning in-person or remote payments via a mobile phone or other mobile device. Is this just another overhyped trend (like smart cards in the 1990s), a real payments revolution or something in between? In short, are mobile payments the smart cards of this decade?
