Wireless Payments: The New Payments Paradigm - 2005 to 2010

U.S. vs. Global Wireless Payments Markets: Status, Differences And Outlook

• Impact Of Wireless Payments On Carriers, Retailers, The Financial Industry, And Companies That Currently Employ Traditional Payment Systems
• Discussing The Technologies That Empower Wireless Devices To Displace Traditional Payment Modes
• Detailed Analysis Of The Impact Of Digital Technology On The Payments Process
• Identifying The Fastest Growing Applications
• Detailed Analysis Of The Future Evolution Of The Payments Process
• Understanding Why Telcos And Prepaid Vendors Are Well Positioned To Exploit Alternative Payments
• Exploring The Potential For Wireless Payments To Erode The Traditional Payment And Credit Card Systems
• Regulation, Standards, Fraud Prevention And National Security Issues
• Detailed Strategy Discussions On Key Existing And Emerging Players
• Analyzing The Features And Benefits Of Emerging Wireless Payment Offerings
• Details Of Recent Success Stories
• An Analysis Of Why Early Attempts At Creating U.S. Wireless Payment Systems Struggled
• A Review Of Emerging Multi-Model And Multi-Value Payment Cards/Tools
• Quantifying Current And Potential Markets
• Granular Volume And Revenue Forecasts For Major Market Segments To 2010!

WIRELESS PAYMENTS: A PARADIGM SHIFT IN THE MAKING

The number of individuals worldwide who possess cell phones is hurtling toward the 2 billion mark, and the amount continues to grow - and grow rapidly. It exceeds that of people with bank accounts. It also exceeds the number of people who carry credit cards. The anytime/anywhere communications made possible by cell phones and even newer capabilities such as GPS now opens a whole new opportunity floodgate: that of cell phones as a payment method, perhaps one day rivaling the almost universal status of cash and credit cards.

Payments historically have been within the domain of banks. However, the needs of wireless carriers and mobile consumers are opening the market to new players such as telecom concerns. Business models in the telecom industry have been forever changed by competition and technology. Financial institutions are now entering a period where their business models are changing as well. Their common ground may indeed prove to be wireless payments.

While the changes to date may be almost imperceptible in the U.S., developments in Asia, Europe and even the Middle East suggest it is only a matter of time before they sweep across North America. And these changes will be far reaching. Some wireless payments systems already in place not only allow consumers to render payments, but more importantly enable consumers to manage their financial accounts, such as checking balances or reviewing recent transactions. Some programs even allow consumers to review and manage merchant rewards programs with their wireless handsets. The possibilities are staggering and reverberate across industry boundaries.

"Wireless Payments: The New Payments Paradigm - 2005 To 2010" promises to emerge as a landmark study that envisions a market gripped by change...a change that will be disruptive, pervasive and enduring. The PELORUS Groups new report takes a bold and unprecedented look at the dynamics behind this change, and gauges the extent of its growth. Moreover, it assesses the impact both to carriers and financial concerns, and does so in both a U.S. and global perspective. The report further analyzes the technology and the market drivers that will enable wireless devices to take significant market share from traditional payment modes and processors, and in candid and compelling fashion, explains why.

The PELORUS Groups "Wireless Payments: The New Payments Paradigm - 2005 To 2010" isolates and analyzes:

• How long it took to make inroads by wireless payment systems outside the U.S., and what factors contributed to their acceptance
• When, why and how quickly wireless payments will catch on in the U.S.
• Why direct debit payments made from a wireless device can significantly increase security and reduce fraud
• Why broadband networks both enable and require new payment systems
• Which applications of wireless payments have already emerged, and which have yet to, but eventually will enjoy rapid growth
• The need for business and wireless carriers to make electronic payments available to all consumers
• Why financial institutions are presently at a significant competitive disadvantage to wireless payment services providers despite their current market dominance
• How new technologies such as RFID and GPS can greatly enhance the users experience
• Benefits realized by different payments systems as they have evolved from barter to wireless payments
• The four party payment system, interchange and the payments value chain
• Which factors will help and which factors will hinder the payments evolution
• What progress has been made by the major players to establish standards and a common ground between telecom and the financial community
• Why disintermediation, the buzzword of the Internet, will also effect the payments process and the revenue potential of issuers and processors
• The role of government as both supporter and enforcer
• What the services and product offers are of the players establishing this new market.
• Highly detailed six-year U.S. and Global wireless payment market projections