The Challenges And Potential Of Mobile Payment Tech.

Law360, New York (September 23, 2013, 11:46 AM EDT) -- As e-commerce continues its evolution to mobile or “m-commerce,” the travel and hospitality industry is at the center of a clash of mobile payment titans.

Pack leaders in mobile payment solutions based on “near field communications” (NFC) at present include Google Wallet and Isis, a joint venture among major mobile carriers like AT&T, Verizon and T-Mobile. Generally, NFC technology enables the user to store customer and credit card account information and effect wireless monetary transactions and data transfers between two devices, eliminating the need to carry...
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