Research journal
Journal: IEEE COMPUTER SOC, ISSN:
0018-9162, SEP 2012, Impact factor: 1.47
Article: “Are Mobile Payments Ready
to Cash in Yet?”
Source: Web of knowledge; web of
science.
What is the article about?(short summary) : The article is discussing the development of
mobile payment methods and how it is becoming more popular but hasn’t yet
become commonplace. They say that on one hand there are developer issues
concerning security and the lack of standards. On the other hand there isn’t
enough stores providing mobile payment solutions and that the customers don’t
take the change easily. The article also takes up the benefits with mobile payment;
that it can be more convenient for the customers and that the management often
is cheaper than for credit cards.
What is the purpose of the article?:
The article aims to describe the
market conditions for mobile payment and it explains to the reader what
technologies makes mobile payment possible, like NFC(Near-field-communication),
mobile banking, barcode payment etc.
What has been studied?:
It is emphasized in the article that
mobile payment faces noteworthy challenges and it points to research done by McGregor, Tirias Research which states
that we won’t see widespread adoption any time soon due to non-consistent
standards, that there already are other good working payment methods and so on.
What are the findings?
However, it is concluded that mobile
payments will continuously grow in popularity but that the big players like
financial institutions, tele-communications and other technology providers has
to lead the development and enable mobile payments for the customers and points
to research done by Pew Research Center
that reports that 65% of people worldwide will use their phones to pay for a
product or service by 2020.
Bertand Russel “The Problems of Philosophy” 1912.
1. What does Russell mean
by "sense data" and why does he introduce this notion?
“Sense-data”
is a term that Russel introduces to categories the data that can be taken in
from our senses. He gives examples of what the data can contain; color, sound,
smell, hardness, roughness and other things taken in from our senses. He describes
that the subject; for instance “color” is what we are immediately aware of,
thus the data. The awareness itself is the sensation. Hence; “sense-data”. This
“sense-data” is used to describe physical objects.
2. What is the meaning of
the terms "proposition" and "statement of fact"? How
does propositions and statement of facts differ from other kinds of verbal
expressions?
The term “proposition”
is used to describe certain known properties of someone or something. But a
proposition doesn’t have to be something that we ourselves know for a fact or
have seen with our own eyes but rather something that is commonly known.
“Statement of fact” is when someone makes a statement about something that he
or she has experienced through our senses and that a physical object corresponding
to the sense-data really exists.
3. In chapter 5 ("Knowledge by Acquaintance
and Knowledge by Description") Russell introduces the notion
"definite description". What does this notion mean?
A “Definite
description” is a description of a definite object or a specific person and not
just “a person or “an object” but rather that the objet has certain properties or the person is so-and-so. A “definite description” has to describe
an object known by description.
4. In chapter 8 ("Knowledge, Error and Probable
Opinion") and in chapter 9 ("The Limits of Philosophical
Knowledge") Russell attacks traditional problems in theory of
knowledge (epistemology). What are the main points in Russell's
presentation?
One of the main points
ought to be that one cannot claim to have knowledge about something by just
believing something is true unless one has experienced the real truth, since
the information could otherwise be deduced from a false belief. For example; if
one believe what is written in the newspaper it doesn’t actually mean that this
person have knowledge about the things that are written because the person
hasn’t obtained any sense-data other than that from reading the text and
therefore the person only has true knowledge about what letters and numbers are
written in the newspaper but doesn’t have true knowledge about the meaning of
them although the meaning of the text is understood.
I thought you had a very interesting paper on mobile payments and the problems faced so far. I come from Kenya and at the moment, there's a very successful mobile payment system in use and perhaps the most successful so far in the world. The paper "Are mobile payments ready to cash in?" highlights pertinent problems that are facing the successful implementation of mobile payment systems across the rest of the world. Similar problems are also highlighted in other papers that study the mobile payment system in Kenya [MPESA]: mainly slow service and security and fraud challenges.
SvaraRaderahttp://www.bbc.com/future/story/20120920-making-mobile-money-pay
http://newswatch.nationalgeographic.com/2012/07/04/the-invisible-bank-how-kenya-has-beaten-the-world-in-mobile-money/
Those are just two links that describe this system in a little more detail and thought they could be interesting reads in relation to your paper.
It is a very interesting subject with mobile payment, and the I think that the biggest question for us here in Sweden is who will take the step and enter the market first. Will it be VISA with all their terminals who kit them with NFC and then make their customers (almost everyone) able to pay with their phones instead.
SvaraRaderahttp://news.cnet.com/8301-1035_3-57478991-94/visa-mobile-payments-will-hit-mainstream-in-2-to-3-years/
Or the way I think it will work, the move from subwaycards. Today you can load money onto your subwaycard. In Taiwan the next step was to let everyone with that card pay on the small stores in the subway (like Pressbyrån) and after that it was a natural way to employ this to people phones since they already used NFC in the stores in the subway.
This is definitely an interesting article but I agree that we are far from seeing this implemented. Especially in the United States it is hard for financial institutions to change their ways. We do not use smart chip (RFID) debit/credit cards in the US because many banks and also stores find the change in equipment is too much of an expense and I feel they would think the same about mobile payment. Though my bank does have a very nice smartphone app that not only allows me to check my accounts but to also deposit money.
SvaraRadera