Use Your Phone To Pay For Products And Services

Businesses trying to stay ahead of the curve, and jumping on any possible competitive advantage, may now be looking towards the revolution in the payment process. Cash was once (maybe still is) king. Barter has been around for hundreds of years. And plastic (credit cards) took off in the 1960’s, evolving over time, offering various options, including debit cards.

But futurists always ask: What’s next? Well the future seems to include the introduction of mobile payment systems, or in layman’s terms, paying for products and services with your mobile phone/device.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Robert Freedman - Partner at Tharpe & Howell, LLP | Attorney Advertising

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