 Image from a quicklink (Image by Unknown Owner) Details DMCA | Credit and debit cards are ubiquitous, but they're mostly pretty dumb. That's about to change. Over 170 million people in the U.S. have credit cards, and the average card holder has 3.5 of them. And those totals are not even counting debit cards, which are roughly 40% of the total market and growing. That's a crap load of plastic! In spite of the promise of mobile payments, plastic cards are not going away any time soon. We're at the early stages of a massive wave of innovation in the payment industry. It's like when Apple launched the iOS platform for mobile developers. The platform in this case is the payment network. Software developers will add new capabilities to cards by programming the payment network to link online applications to specific payment events. Consumers will be able to effectively "drag and drop" apps to their smart cards in the same way that they add apps ... |
Read the rest of the story HERE:
At www.forbes.com
At www.forbes.com
