IT Examiner School, Seaside, CA

Do the “Bump”

 PayPal is leveraging proximity capabilities for P2P payments  iPhone and iPod touch  Android  Technology already taking on non-payment capabilities  LinkedIn has a “bump” feature that allows users to swap contact information  Tower Group expects that this functionality will extend this functionality to C2B as well  Point-of-Sale  Transit

Mobile Payments Represent Four Payment Types

Mobile Person-to-Person ▪ Adds transactions to social networking ▪ Convenience of immediate value exchange

Mobile Remote Payments

▪ Mobile Internet service ▪ Used for mobile top-up, content, tickets, account funding

Mobile Remittances ▪ Builds off traditional international remittance market

Mobile Point-of-Sale Payment

▪ Based on contactless and near-field communication (NFC) technology ▪ Eliminates cash and plastic for transit fares or tolls and other payments ▪ Technologies exist, but solutions pending

▪ Cross-border, multicurrency ▪ New solution for a big market

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Source: TowerGroup