IT Examiner School, Palm Springs, 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

Source: TowerGroup

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