Thales Blog

Trust In The Cloud Or Trust In The Phone?

November 1, 2012

Ian Hermon Ian Hermon | Product Marketing Manager More About This Author >

Ian Hermon looks at the approaches for the successful mass adoption of mobile payments among issuers, card schemes, acquirers, merchants and consumers and asks whether the arrival of emerging mobile payment technologies and increasingly secure cloud services will act as a revolutionary or evolutionary force?

The payments industry was defined in an era before the internet, smartphones, the app store and the cloud. As a result any new payments ecosystem built around mobile and cloud connectivity could look very different to the world of payments we are currently familiar with – to both the industry and consumer alike.