SAN DIEGO, CA, July 20, 2012 (Press-News.org) The Internet & American Life Project at the Pew Research Center along with Elon University's Imagining the Internet Center recently conducted a study suggesting that mobile payment solutions will be more common than money by 2020.
Issuing an official statement on their website, PewInternet.org shows that 65% of experts consulted in the study agree: "By 2020 most people will have embraced and fully adopted the use of smart-device swiping for purchases they make, nearly eliminating the need for cash or credit cards. People will come to trust and rely on personal hardware and software for handling monetary transactions over the Internet and in stores. Cash and credit cards will have mostly disappeared from many of the transactions that occur in advanced countries."
Opposition to this statement was met by only 33% of the consultants who argue: "The security implications raise too many concerns among consumers about the safety of their money. And people are resistant to letting technology companies learn even more about their personal purchasing habits."
The security aspect of the "smartphone wallet" however seems more secure than any cash or plastic option. If your wallet is stolen the cash goes missing and the cards can be used in retail locations with minimal chance of being caught. Google's new mobile payment solution, the Google Wallet, requires users to enter a PIN before any purchases can be made. So if your phone happens to be stolen there is a substantially lower risk of having your savings wiped out by a person carrying around your information.
James Brady, a writer for the popular website CreditCardProcessingAdvice.com, promotes the introduction of the Google Wallet as a first step towards an increasingly digital age. According to Brady, "Google Wallet has enabled smartphone users to use their phone as a payment solution in lieu of cash or plastic and has already hit several major retail locations such as American Eagle, Foot Locker, Gap, Macy's, and Walgreens." The conveyance of the smartphone wallet is undeniable.
John Pike, a director at GlobalSecurity.org agrees, "so many people are already accustomed to buying a cup of coffee with a credit card that smart-device swiping is only a very small next step." Digital media is becoming a larger and larger player in today's economy. Watching the smartphone come to the forefront of the economy, as a means of buying and selling is hardly surprising.
Media Contact Info
James Brady
CreditCardProcessingAdvice.com
6197862823
http://creditcardprocessingadvice.com/
jmbrady@creditcardprocessungadvice.com
SOURCE
CreditCardProcessingAdvice.com
PewInternet.org
GlobalSecurity.org
CreditCardProcessingAdvice.com is the leading resource website for merchants looking to learn more about the credit card processing industry. In addition to intrusctional articles and a merchant service provider directory, CreditCardProcessingAdvice.com also offers independant reviews on the top credit card processors in the industry.
CreditCardProcessingAdvice.com Believes Smartphones Will Replace Credit Cards and Cash
According to CreditCardProcessingAdvice.com, consumers are beginning to buy products using their smartphones through services like Google Wallet.
2012-07-20
ELSE PRESS RELEASES FROM THIS DATE:
Specialty Hospital of Washington Named As "National Leader in LGBT Healthcare Equality"
2012-07-20
Specialty Hospital of Washington's Hadley Campus, a Long Term Acute Care Hospital ( LTACH) has been recognized as a "Leader in LGBT Healthcare Equality" in the Healthcare Equality Index 2012 report. The annual survey is conducted by the Human Rights Campaign (HRC) Foundation, the educational arm of the country's largest lesbian, gay, bisexual, transgender (LGBT) organization. Specialty Hospital of Washington earned top marks for its commitment to equitable, inclusive care for LGBT patients and their families, who can face challenges in accessing adequate healthcare. ...
Dr. William Boothe: Eye Care Vital in Severe Summer Weather
2012-07-20
A newly released article revealing that many individuals in Dubai have suffered from eye infections stemming from the severe summer weather. Dr. Ashraf, who traveled to Dubai to treat these infections, is now warning individuals to protect their eyes against harsh sunlight and other elements. Dr. William Boothe is also urging his patients to adhere to this warning, as this summer season has already been hotter than most.
According to the article, Dubai's temperatures have often exceeded 100 degrees--which has also happened across much of the United States. With little ...
ZeroWater Scam Proven False as Unclean Water Becomes Urgent Problem
2012-07-20
There are many advantages to living in a developed country where health and safety are paramount concerns for all residents. However, simple benefits, such as having clean drinking water or air, are not as widely available throughout America as many might expect. According to a recent article from The San Francisco Chronicle, citizens residing in the Kentucky region affected by Appalachian coal mining are reporting high levels of environmental damage and a decreased quality of life. While mining methods have caused forest, land and air quality damage they have also contaminated ...
A Sign of the Times: Blue Pond Signs Celebrates Iconic U.S. Signage
2012-07-20
Ken Miller, President of Blue Pond Signs (www.bluepondsigns.com), announced today that an info-graphic created by the company of Iconic Signs of the United States is now available on the Blue Pond Website. Showcasing the real-time value of such signs as the Love Sign in Philadelphia, the Disney World Sign in Orlando Florida and the Route 66 Sign in Springfield Missouri, Blue Pond concepted the info-graphic to appeal to their nationwide customer base and raise awareness about their full-service signage line for business customers throughout the United States. The info-graphic ...
Hampton Inn, Hampton Inn & Suites, Hilton, Courtyard by Marriott, and Wingate by Wyndham Hotels Destinations to Florida, South Carolina, and Tennessee
2012-07-20
HOTELS DESTINATIONS IN FLORIDA, SOUTH CAROLINA, AND TENNESSEE
FLORIDA - GAINESVILLE - Gainesville Downtown is lively, yet historic and young, and this is where it all happens. The historic downtown just keeps improving, and is now a thriving district for nightlife with bars, and restaurants in every corner. Kick off your weekends at the Bo Diddley Plaza for the Free Fridays Concert Series taking place each Friday through September, or at the Butterfly Rainforest, the Museum of Natural History, or any of the Natural Springs Parks. Summertime in Gainesville means outdoor ...
QMedRx Reacts to Upholding of Obamacare
2012-07-20
Ever since the Supreme Court made the historic decision to uphold the Affordable Care Act--known to many simply as "Obamacare"--the decision has dominated conversations across the country, ultimately drawing mixed opinions. Many individuals feel passionately about the issue, and are often divided along partisan lines. Entire industries, meanwhile, have responded, either favorably or worriedly, to the decision. The Wall Street Journal notes that reaction among drug and medical companies has been largely uniform, and largely positive, despite the prospect of fees ...
Most Interesting Dog in the World Gives New Dark Knight Video Slot Game Two Paws Up
2012-07-20
Ever since Bulldog777.com launched the new The Dark Knight video slot from Microgaming it's been easy to find the online casino's charismatic mascot, "Triple 7". The high rollin' canine playboy -- known as "the most interesting dog in the world" -- has been in his penthouse playing the deluxe new game based on the legendary motion picture from Warner Bros. Pictures. The Dark Knight video slot game features Cinematic spins and an impressive 4-tier progressive jackpot. A video preview of the game and free Batman wallpapers are available on the casino's ...
Global Food Technologies Possesses Solution to China's Food Safety Regulation Needs
2012-07-20
Due to a series of food safety incidents, including the discovery of elevated levels of mercury in baby formula, the country of China has found itself on the receiving end of consumer fears. These several food safety issues have decreased global confidence in products manufactured in China, which will ultimately create a negative impact on the Chinese food export industry if problems are not addressed promptly. In an effort to do so, the Chinese government has launched a five-year plan aimed at improving and enforcing food safety regulations. Global Food Technologies, an ...
PatioCrew.com Supplies Patio Covers to Protect Children During Summer Months
2012-07-20
Although the summer season usually brings about ideas of outdoor excursions, swimming pools, beach trips, camping and backyard barbeques, many citizens are staying cautious of the threats produced by the sun's rays. While many adults have become aware of the connection between unprotected exposure to UV rays and an increased risk of skin cancer, a new article from Patch.com reminds parents that it is especially important to protect children during summer months. PatioCrew.com understands just how dangerous and uncomfortable the summer sun can be, and that is why the company ...
Fergus Cleaver: For Small Businesses, Professional Accounting is Vital
2012-07-20
Many entrepreneurs understand that a business requires innovation, dedication and long hours, but few have benefited from professional services that help organize and relieve the pressure of daily operations. A new article from Accounting Today observes the results of a recent study on business owner behaviors. The study, conducted by small business specialty insurer Hiscox, surveyed 600 small business owners in both the United Kingdom and the USA. Despite the large breadth of daily tasks that each entrepreneur detailed, only 26 percent reported use of professional accounting ...
LAST 30 PRESS RELEASES:
Mitochondrial DNA mutation accumulation may not be a determining factor in aging
Researchers unveil epigenetic mechanism of cold adaptation in rice
Hitting the right notes to play music by ear
ASH and ISTH publish revised clinical practice guidelines for pediatric venous thromboembolism
Space-to-ground infrared camouflage with radiative heat dissipation
High-speed binary phase-engraved superpixels improve complex light modulation
Herbal medicine for the mind: Traditionally used medicinal plants for memory loss from the Indian subcontinent
Study finds significant declines in maternal mental health across US
Characterizing long COVID symptoms during early childhood
Weight loss in midlife, chronic disease incidence, and all-cause mortality during extended follow-up
Patient-delivered continuous care for weight loss maintenance
HIV drug can improve vision in patients with common diabetes complication, clinical trial suggests
New fuel cell could enable electric aviation
New clinical practice guideline for the surgical management of chronic rhinosinusitis in adults
Newly discovered ‘molecular fingerprints’ could transform diabetes treatment and diagnosis
MicroRNA-124-3p and brain-derived neurotrophic factor in rat spinal cord injury: Inverse expression pattern
Oldest whale bone tools discovered
Germinated flours in breadmaking: Striking a balance between nutrition and quality
Timely initiation of statin therapy for diabetes shown to dramatically reduce risk of heart attack and stroke
University of Houston awarded $3M to launch cancer biomarker facility for immunotherapy research
Record-breaking performance in data security achieved with quantum mechanics
ASCO: MD Anderson’s Christopher Flowers honored for teaching and mentorship
Study: Emotional responses crucial to attitudes about self-driving cars
NCSA shapes students’ computing dreams
Can AI analogize?
AI aversion in social interactions
In dry conditions, locust babies are born with their first lunch
Feedback loops between disease and human behavior can produce epidemic waves
How Japan’s older adults adapted to healthcare challenges during the COVID-19 pandemic
Chronic renal failure: Discovery of a crucial biomarker
[Press-News.org] CreditCardProcessingAdvice.com Believes Smartphones Will Replace Credit Cards and CashAccording to CreditCardProcessingAdvice.com, consumers are beginning to buy products using their smartphones through services like Google Wallet.