Glenbrook's Jacqueline Chilton shares what she heard at yesterday's panel discussion on Mobile Payments at the CTIA conference in San Francisco.

She concludes: "In a final question, the crowd voted that mobile payments would reach 5% of total retail transactions in five years – “a self-selecting audience” was the moderator’s response."

In his latest blog post, Dave Birch suggests that perhaps contactless payments isn't the application that consumers will find most attractive from NFC-equipped mobile handsets - saying "it seems highly unlikely that consumers will hammer down the doors of mobile phone shops to get NFC handsets to use for boring things like payments."

The US Department of Commerce's latest report on retail sales indicates a 0.3% decline in sales in August versus July. The AP reports that economists had expected a gain of 0.3 percent for August.

Revolution Money and CardinalCommerce have announced that, beginning in October, online merchants will be able to accept RevolutionCard payment cards through Cardinal Centinel, Cardinal's platform that allows merchants to enable multiple payment brands through one installation.   » Continue Reading

Charlie Kroll, CEO of Andera, blogs about some recent statistics on how consumers are funding new accounts they're opening with financial institutions. Interestingly, two-thirds are funded using debit or credit cards with only one-third funded via ACH transfers.

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