Wednesday, September 10, 2014

What Problems Are 'Mobile Payment' Systems Trying To Solve

For years I've marveled at the obsession with the idea that what people really want to do is pay for things with their phones. Yes they might offer minor security and (more dubiously) convenience improvements. Yes some people will want to. But cash and credit cards are pretty convenient, and while they should transition to a chip and pin system like the rest of the world, card users mostly don't pay for credit card fraud.