Product Type: Market Research Report
Published by: TowerGroup
Published: January 2006
Product Code: R301-866Description Between 2005 and 2015, the majority of consumer payment transactions will move from cash and card to other forms such as payments over a mobile phone and the Internet. Alongside this evolution are new forms of payments created by a wave of contactless innovations combined with biometrics. As these changes take place over the next decade, the long-awaited cashless, cardless society will become a reality. The only barrier is small in name but major in nature: consumer culture. However, attitudes toward innovation have changed rapidly, and most people readily accept and expect new technologies to change the way they do things. This TowerGroup ViewPoint explains the likely impact of these innovations and discusses the logical progression of events.Table of Contents - TowerGroup Take-Aways
- Report Coverage
- Introduction
- Payments by Mobile Phone and the Internet
- Exhibit 1: US Consumers' Payment Methods (1995 vs. 2003)
- Volume of Payments
- Contactless Payments
- Areas of Concern
- The Specter of Fraud
- The End of Cards
- Summary
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