Others will say it is more a way for Verizon Wireless to insert itself into the mobile payments value chain. Either way, the deal is a sign that both M2M mobile revenues and mobile payments are viewed as a practical, achievable new revenue stream for some mobile service providers.
Wednesday, April 27, 2011
Verizon Wireless Starts Mobile Vending Machine Payments Business
Verizon Wireless and USA Technologies are teaming up to enable mobile payments at vending machines nationwide. Some will consider this application a form of machine-to-machine communications or the "Internet of things."
Others will say it is more a way for Verizon Wireless to insert itself into the mobile payments value chain. Either way, the deal is a sign that both M2M mobile revenues and mobile payments are viewed as a practical, achievable new revenue stream for some mobile service providers.
Others will say it is more a way for Verizon Wireless to insert itself into the mobile payments value chain. Either way, the deal is a sign that both M2M mobile revenues and mobile payments are viewed as a practical, achievable new revenue stream for some mobile service providers.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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