Mobile Piggy Banks

PAST FUTURE OLD WAY OF PAYMENT NEW WAY OF PAYMENT New Payment + = Old Payment PAST PAYMENT METHODS NEW PAYMENT METHODS The Massachusetts Bay Colony issued the first paper money in the colonies which would later form in the U.S. 1690 Almost 300 million or 1 in 5 smart N 2011 phonesworldwide will be NFC enabled by 2014. 194 The first Bank card, named “Charge It" was introduced by John Biggins. 7 Million NFC phones. 1.8 billion con- sumers globally will buy digital goods with mobile. 1951 IN 2011 The 1st bank card appeared in NY Frank- lin National Bank for loan customers. 2002 The introduction of an account that could be IN 2011 2015-203 Million NFC phones. funded with an electronic debit from a bank account or by credit card at the payers choice. DECLINE OF OLD PAYMENT INCLINE OF NEW PAYMENTS mobile use for Payments Category 4 6E+09 SE+09 Category 3 Series 3 4E+09 Credit Card 3E+09 mobile use Cash Category 2 2E+09 Mobile 1E+09 Category 1 2007 2008 Piggy Banks DEATH OF OLD PAYMENT BIRTH OF NEW PAYMENT:NFC BENEFITS OF NFC Global Retail Stores Easy To Use Real Time Management 311,000 locations globally and 124000 devices in U.S. alone will use NFC . NFC Transmits at a short foot Locker: range. "This infographic was prepared by No Pressure: Jasmiine Essien, Janelle Grant, Kenneth Blacl, and Ugochukwu Opara for Prof. Johnson's Social Media Innovation course at Temple U. Fox School of Business. http://bit.ly/mis3538 Works Cited "03 Apr Are Users Ready For The Mobile Payment Revolution? [Infographic]." Are Users Ready For The Mobile Payment Revolution? [Infographic]. Web. 17 Mar. 2012. . "The Federal Reserve Bank of San Francisco: Economic Research, Educational Resources, Community Development, Consumerand Banking Infor- mation." The Federal Reserve Bank of San Francisco: Economic Research, Educational Resources, Community Development, Consumerand Bank- ing Information. Web. 2 Mar. 2012. . "Global Mobile Statistics 2012: All Quality Mobile Marketing Research, Mobile Web Stats, Subscribers, Ad Revenue, Usage, Trends.. | MobiThink, |ing." Home. Web. 12 Mar. 2012. . "The History of Credit Cards:" Credit Cards. Web. 2 Mar. 2012. . "Member Login." Alliance Activities : Publications : NFC Frequently Asked Questions. Web. 19 Mar. 2012. |