New Boston Fed Paper: Mobile Payments in the US at Retail Point of Sale

The Consumer Payments Research Center at the Federal Reserve Bank of Boston has released a new public policy discussion paper titled "Mobile Payments in the United States at Retail Point of Sale: Current Market and Future Prospects" authored by Marianne Crowe, Marc Rysman, and Joanna Stavins. From the abstract:

Although mobile payments are increasingly used in some countries, they have not been adopted widely in the United States so far, despite their potential to add value for consumers and streamline the payments system. After describing a few countries’ experiences, we analyze the prospects for the U.S. market for mobile payments in retail payments, particularly the use of contactless and near-field communication technologies. ...