Description: Google and MasterCard unveiled a mobile payment system Thursday that uses consumers’ cell phones to store credit cards, coupons, and other data.
Source: CNNMoney.com Ã¢â‚¬â€œ video report
Questions for discussion:
- Do you think this concept of payment will appeal to a mass market of users?
- What concerns might there be from a customerÃ¢â‚¬â„¢s and merchantÃ¢â‚¬â„¢s point of view?
- How problematic do you think is the need for retail terminals?
- How could technology make this system obsolete very quickly?