Financial institutions have an opportunity to participate in developing new wireless payment technologies or sit on the sidelines as others take the lead, according to a new report from Meridien Research. Wireless telephone usage is increasing exponentially worldwide and telecommunications providers are scrambling to increase profits. Facilitating wireless payments is one way to add revenues and increase profitability. Financial institutions must move aggressively into this space or risk losing the business to telecommunications providers and others.
“Financial institutions have always enjoyed an exclusive franchise in the payments business,” said Jeanne Capachin, senior analyst at Meridien and author of the report. “Wireless payments represent both a threat and an opportunity for institutions to retain this important ‘privilege’ and can also provide a platform from which to offer new services to customers.”
Wireless Payments at the Point of Sale: Expanding POSsibilities provides an in-depth look at the marketplace, solution elements, and vendors of wireless payments as well as several case studies. More information on purchasing this report can be obtained from email@example.com or by calling 617-796-2800.
About Meridien Research
Meridien Research of Newton, MA, provides analytical research services to users and providers of financial industry technology. Meridien Research targets three technology areas of strategic importance to financial services firms: eFinancial Services, Trading & Risk Management and Customer Relationship Management. Each practice delivers quarterly reports and monthly briefs, detailing new issues and challenges. Visit [www.meridien-research.com/press] to register for announcements as new research becomes available. For media relations, contact Parallax LLC at 1.781.235.7025 or firstname.lastname@example.org.