Buying not just shopping with your smartphone

by SteveBayle on January 2, 2010

I couldn’t agree more with Om Malik in his article  Are You Ready for iEconomy?
Jack Dorsey’s Square, Incase, Verifone and now Mophie — these companies’ credit card readers are turning the iPhone/iPod touch platform into an e-commerce engine.

In fact, companies such as Visa, MasterCard and large banks should be trying hard to figure out how they can put these kind of readers in the hands of both merchants and consumers, thus shifting even more transactions into the electronic realm.

And he’s 100% correct that Symbol Technologies is one of the companies at risk if the iPhone and other smartphone phones become transaction-enabled.

For a long time, companies like Symbol Technologies, a division of Motorola, have been making point-of-sale and handheld computing devices for non-office environments such as retail locations and warehouses. It is becoming obvious by the day — they are amongst those being disrupted.

Posted via email from PostVerbela

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