Comments on: Qualcomm Tries to Pay It Forward with Mobile Handsets http://jkontherun.com/2009/02/11/qualcomm-tries-to-pay-it-forward-with-mobile-handsets/ Using mobile devices since they weighed 30 lbs. Sat, 21 Nov 2009 21:10:32 +0000 http://wordpress.com/ hourly 1 By: Alan A. Reiter http://jkontherun.com/2009/02/11/qualcomm-tries-to-pay-it-forward-with-mobile-handsets/#comment-47976 Alan A. Reiter Wed, 11 Feb 2009 20:38:57 +0000 http://jkontherun.com/?p=29465#comment-47976 Hi Kevin, The "mobile wallet" has advantages. However, security is indeed a huge problem, and it's not the only one. What if your phone breaks, is stolen, the battery dies or the software gets corrupted? How will you pay? Also, different financial institutions might have different standards. And how many software clients will you have to download? Not just for credit cards, but also for paying for subways/buses/trains, vending machines, etc. It's a complicated subject. I wrote a bit about it: http://www.internetevolution.com/author.asp?section_id=526&doc_id=165559 Hi Kevin,

The “mobile wallet” has advantages. However, security is indeed a huge problem, and it’s not the only one. What if your phone breaks, is stolen, the battery dies or the software gets corrupted? How will you pay?

Also, different financial institutions might have different standards. And how many software clients will you have to download? Not just for credit cards, but also for paying for subways/buses/trains, vending machines, etc.

It’s a complicated subject. I wrote a bit about it:
http://www.internetevolution.com/author.asp?section_id=526&doc_id=165559

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