End Times and Current Events
June 22, 2018, 06:24:48 am
Welcome, Guest. Please login or register.

Login with username, password and session length
News: "Search the scriptures; for in them ye think ye have eternal life: and they are they which testify of me." John 5:39 (KJB)
 
  Home Help Search Gallery Staff List Login Register  

"Experts: Most people will make purchases via phones by 2020"

Shoutbox
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
September 11, 2017, 03:40:40 am Christian40 says: those in america should better repent or things will only get worse
View Shout History
Pages: [1]   Go Down
  Print  
Author Topic: "Experts: Most people will make purchases via phones by 2020"  (Read 379 times)
Kilika
Guest
« on: April 18, 2012, 05:26:39 am »

By 2020? That long? I doubt it.

Quote
By Doug Gross, CNN
April 17, 2012 -- Updated 1743 GMT (0143 HKT) | Filed under: Mobile

(CNN) -- Most Internet users and tech experts think cash and credit cards will become things of the past in the next decade as people turn to their mobile phones to make payments, results from a newly released survey suggest.

Nearly two out of three respondents to the survey (65%) told the Pew Internet & American Life Project that they think most people will have fully adopted the "mobile wallet" as their day-to-day means of paying by 2020.

Whether it's paying for coffee with a mobile app, using more versatile apps such as Google Wallet or doing business using tools such as Square that turn phones into mobile cash registers, the adoption of mobile payments is clearly under way.

In a December report from comScore, 38% of smartphone owners had used their phones to make a purchase of some kind.

That finding jibes with an earlier Pew study in which one-third of smartphone owners had used their phone to do some sort of banking (such as checking their balances or paying bills) and that nearly half (46%) had paid for an app with their phone.

In the survey released Tuesday, 65% of respondents agreed with the following statement:

"By 2020, most people will have embraced and fully adopted the use of smart-device swiping for purchases they make, nearly eliminating the need for cash or credit cards. People will come to trust and rely on personal hardware and software for handling monetary transactions over the Internet and in stores. Cash and credit cards will have mostly disappeared from many of the transactions that occur in advanced countries."

Survey respondent and Harvard University professor Susan Crawford wrote, "There is nothing more imaginary than a monetary system. The idea that we solemnly hand around printed slips of paper in exchange for food and water shows just how trusting and fond of patterned behavior we human beings are."

Crawford, an ex-special assistant for technology policy for President Barack Obama, asked, "So why not take the next step? Of course, we'll move to even more abstract representations of value."

One-third agreed with an essentially opposite statement, saying there won't be a major conversion to "all-digital, all-the-time" payments.

Many cited security concerns as the reason.

"The use of a simple string of digits that must be shared with any vendor with whom you transact is really a ludicrously insecure system that can and must change," said Peter J. McCann, a FutureWei Technologies senior engineer.

Proponents of mobile payments said technology is evolving but that such payments are no less secure than what most people do now.

"It's basically the same technology as credit cards," Mung-Ki Woo, the head of mobile for MasterCard Worldwide, told CNN last year. "It's not better or worse."

Pew's report said those who think mobile payments will dominate in the coming years frequently said the boom in smartphone ownership, convenience and security are key factors that make "these systems an obvious choice to replace established modes of payment in day-to-day commerce."

The survey, conducted with Elon University's Imagining the Internet Center, was not random but instead asked for the opinions of 1,021 "Internet experts and other Internet users." Since it sought the opinions of a specific audience, there is no margin of error.

http://edition.cnn.com/2012/04/17/tech/mobile/mobile-payments-pew/index.html?hpt=hp_bn1

Report Spam   Logged

Social Buttons



Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by EzPortal
Bookmark this site! | Upgrade This Forum
Free SMF Hosting - Create your own Forum

Powered by SMF | SMF © 2016, Simple Machines
Privacy Policy