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Mobile powerhouses join the Mobile Payments Committee

Posted: , by Michael H.

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Mobile powerhouses join the Mobile Payments Committee
Mobile payments are something of a mess right now, but it looks like the big names in the field are finally joining together to try to sort things out. Today, all four major US carriers, plus other big-time players announced they were joining the Mobile Payments Committee, which has a mission to foster interoperability, guide mobile payments lawmaking, and market the technology better to consumers.

In addition to Verizon, AT&T, Sprint, and T-Mobile, other major players joining the committee are Google, ISIS, PayPal, Verifone, and Intuit. Of course, it's sometimes hard to remember that ISIS is actually its own company, even though three of the four major carriers founded in the company (only Sprint was not part of the deal). The committee will be chaired by Jackie Moran, executive director of federal relations at Verizon, and the committee will be part of the Electronic Transactions Association, which is an international trade association.

It is interesting that neither Square nor Starbucks are part of the committee even though Starbucks has the largest mobile payments network in existence, and Square just joined that network. 

Still, this is definitely a big step towards really making mobile payments a viable option in the US market. It would be nice to see more standards put in place as far as how mobile payments are best made, be it NFC, QR codes, bar codes, etc. It would also be nice to see some of the major credit card companies join the discussion, since they are more responsible for getting things like NFC readers into stores. 

source: VentureBeat

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1. nnaatthhaannx2 posted on 09 Aug 2012, 19:48 2

Does anyone use their mobile for payments?
Does it work out? Is NFC even useful?
I'm just wondering... haven't really seen anyone in a store use it.

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2. MichaelHeller posted on 09 Aug 2012, 20:04 3

I've used both LevelUp and Google Wallet for mobile payments, and both work quite well. Google Wallet has the edge because NFC works better than an on-screen barcode, but both were pretty quick and easy.

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7. nnaatthhaannx2 posted on 10 Aug 2012, 15:08

Interesting.
I wish Google would make a "standard" that all new phones should have NFC... but then again Android is open...
Does LevelUp require a phone with NFC?

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5. 305Bucko posted on 10 Aug 2012, 12:37

I use Google Wallet, it really is great. Its faster than pulling your wallet out, taking card, swiping, signing, returning card to wallet, wallet back in pocket.

I made it seem like such a long step but thats what Google Wallet makes it seem like.

Not to mention, the cashier is always mesmerized after you do it. I like messing with them and acting like I just hacked their register ;)

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8. nnaatthhaannx2 posted on 10 Aug 2012, 15:09 1

Very nice to know!

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3. tlsmithsr posted on 09 Aug 2012, 20:13 1

I've uses Google wallet a lot .. gas stations.. McDonald's .. retail stores and I'm not in a major city. The pay pass are almost everywhere you just have to keep your eye open for the chance to use it.

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4. TheRetroReplay posted on 09 Aug 2012, 23:03 1

I love using Google Wallet, but the only places in my area with NFC are McDonald's and Burger King. It's awesome to show off, people look at you like you're a time traveler from the distant future.

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