tag:blogger.com,1999:blog-4274150211000513442.post5377581741331815215..comments2024-02-20T00:19:01.002-08:00Comments on BH251 @ Loyola University Maryland: MasterCard's Mobile PaymentProf. Paul Tallonhttp://www.blogger.com/profile/00285551689564261656noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4274150211000513442.post-26956572341629108872012-11-19T12:30:21.068-08:002012-11-19T12:30:21.068-08:00The mobile payment system created by MasterCard is...The mobile payment system created by MasterCard is a revolutionary way to pay for items. It makes shopping faster and simpler. If everyone uses this device, lines at stores will be gone. There will be now more waiting to buy things you simply swipe and go. <br />Though this system will be a good tool, I agree with Katie. This device will make a cashier’s job obsolete. It would be similar to the invention of online booking and travel agents. America has an unemployment problem without jobs being obsolete. Furthermore, not all cell phones have NFC devices in them; this would mean that many people wouldn’t even be able to use this device. A big company that does not use NFC devices is Apple. They believe it is not the time to start using these devices in their phones. With over eleven percent of the population owning an iPhone that is a big deal. This means nearly thirty five million customers are without an NFC device in their phone in America. In 2011, only 30 million cellphones had NFC’s in them. That is not enough for this program to work. The successful use of these NFCs relies on the cooperation of all major cell phone and cell provider companies. Everyone must be on the same page for this device to work properly and all new phones must be equipped with NFCs.<br />Turning you phone into a virtual wallet is the same as putting all of your eggs in one basket. If your phone were also your credit card then, losing it would be a catastrophe. If you lost your phone you would lose your credit card. According to USA Today, someone in America loses their smartphone every 3.5 seconds. That is a lot of customer service for cell companies. If the phone is also the credit card, that will create a problem for not only the cellular provider, but also MasterCard. That is a huge hassle and a lot of money and time spent to help people who have lost their phones. Furthermore, this leaves people wide open for theft. If you are walking down the street texting someone can grab your phone right out of your hands and use it to buy things in your name then toss it. <br />Using NFCs in phones is a good idea but will cause a boat load of problems for cell phone companies and MasterCard’s mobile payment system. <br />Anonymoushttps://www.blogger.com/profile/13389357871632868266noreply@blogger.com