CTIA event highlights the triumphs, challenges for mobile payment

10/12/2011 | CNET · MocoNews.net · Light Reading Mobile

The move to mobile wallets is inevitable, but significant hurdles remain, most notably the need to develop more partnerships, Dan Schulman, the head of American Express Enterprise Growth, told a CTIA Enterprise & Applications™ audience Wednesday. "There's too many of us to do it alone," Schulman said. MasterCard's Ed McLaughlin was more upbeat, saying, "We're moving to a world beyond cash. I do think this is execution against an inevitable."

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