The research firm Celent published a new report on the mobile phone payment market, anticipating that mobile phones will be an increasingly popular vehicle for small dollar payments. Celent notes that this year will be devoted to working out the details of technology standards, fee sharing, etc. and that mobile wallets will make their debut in 2007.
Per the report, two disruptive factors characterize mobile payments:
- Unlike a desktop computer, the mobile device is independent of time and place;
- Portability and accessibility can transform the mobile device into a wallet that can be accepted at the physical point of sale.
Source:
Mobile Commerce: Dealing with the Devil in the Details
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.