SAN FRANCISCO — Contactless payment cards will lead the way to the future of mobile payments. Or not.
It depends on whether card networks, financial institutions, mobile carriers, merchants and handset manufacturers get together on a "unified, simple solution," according to James Van Dyke, founder/president of Javelin Strategy & Research.
In a new report, Javelin projects that industrywide cooperation could lead to more than 57 million consumers using chip-embedded credit cards to make contactless payments by 2013, compared with 24.8 million expected to this year.
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