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Mobile payments still 2 to 4 years away, few customers excited

0. phoneArena posted on 22 Dec 2011, 07:41

Back a couple of decades, many people thought that in the future people would be flying jetpacks, be fuel independent, have motorized shoes and use their cell phone…

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posted on 22 Dec 2011, 07:45 2

1. jbash (Posts: 345; Member since: 07 Feb 2011)

I hope it will become mainstream, i want everything into one: my wallet, camera/camcorder, radio, tv, computer, and of course a phone.

posted on 23 Dec 2011, 12:46

7. ardent1 (Posts: 2000; Member since: 16 Apr 2011)

Prepare for the worse case scenario if you lose your "all in one" device. The problem with an electronic wallet is dealing with theft.

posted on 22 Dec 2011, 07:59

2. itsthenew (Posts: 13; Member since: 22 Oct 2010)

I recently just used google wallet to pay for my lunch and while it was neat that it worked (and free since google gave me $10 dollars to start with) it really didn't seem like a time saver to be honest and I won't be putting my credit cards on my phone.

posted on 22 Dec 2011, 11:39 2

3. ohiojosh78 (Posts: 32; Member since: 17 Oct 2011)

So you are worried.about someone getting your credit cards if they swipe your phone but...they would also have your credit.cards if they stole your wallet. At least if they were in your phone you could have password protection that would slow them down till you noticed your phone was missing.

If they swiped your wallet the thief.would have immediate access to purchases.

posted on 23 Dec 2011, 12:50

8. ardent1 (Posts: 2000; Member since: 16 Apr 2011)

What the credit companies don't tell their customers is there is a huge amount of fraud detection, your purchasing demographics, etc. If someone swiped my wallet and tried to make suspicious purposes: (a) I am NOT on the hook except for maybe $50 per federal law and (b) the credit card company will alert me as well.

posted on 22 Dec 2011, 14:13

4. squeeb (Posts: 99; Member since: 02 Dec 2011)

Nice feature, but the reality is we won't see it wide spread for some time...I mean look how long it took places like McDonalds to accept credit cards...2004!!!!

posted on 22 Dec 2011, 15:09 1

5. Skidro13 (Posts: 65; Member since: 27 Jul 2010)

I just downloaded the XDA version of Google wallet to my gNex. I didn't put any credit cards on it, but I still had the free $10 dollars from Google. I went to go get breakfast from my local McDonalds and to my surprise there were 2 NFC readers waiting for me! The whole system worked flawlessly. I still will not put on credit cards but i will defiantly be grabbing some cheap gift cards to load up my mobile google wallet.

posted on 22 Dec 2011, 21:22

6. ILikeBubbles (Posts: 525; Member since: 17 Jan 2011)

if you can load up google wallet with gift cards that would be AWESOME! although i think in the end when it comes down to it the 'bad' guys are usually about half a step above the 'good' guys. im sure you guys have seen Hackers. :)

anyway. my point is that the strong will consume the weak.. its sort of like viruses and malware on Android i think. what sorts of apps are malware? there are probably a few simple things that could increase security 100x...

but maybe not.. its new enough that remains to be seen.

posted on 23 Dec 2011, 17:06

9. Forsaken77 (Posts: 553; Member since: 09 Jun 2011)

I guess this is good just because it's an added way to pay for things but I don't think it will fully catch on at all. Most people are leary about digital purchases because they don't want their info stolen. Alot of people won't ever buy anything online. Plus... it's probably just as easy to pull out you wallet/credit card than it is to do it with your phone. The thing I'd really like to see would be to integrate my drivers' license into my phone with all past traffic violations, that affect my insurance rates, available with a single tap.

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