This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Key Players in the Mobile Payment Wars

NEW YORK ( TheStreet) -- Mobile payments -- destined to be a key component of the evolving "digital wallet" -- have the potential to transform the way consumers pay for items, and battle lines in the war for market share are already being drawn.

The Wall Street Journal reported on Tuesday that Verizon Wireless, a joint venture of Verizon (VZ - Get Report) and Vodafone (VOD), has asked Google (GOOG - Get Report) to not include its payment app, Google Wallet, on the Galaxy Nexus smartphone for security reasons.
Verizon strikes a blow in the mobile payment wars by asking Google to not include Google Wallet on the new Galaxy Nexus.

Verizon Wireless spokesman Jeffrey Nelson said in an emailed statement that Google Wallet does not access the operating system and basic hardware of Verizon's phones. Once Google Wallet is "integrated into a new, secure and proprietary hardware element," then it will be included.

According to data from Ernst & Young, mobile payments are expected to be big business in the coming years with the market reaching $245 billion by 2014. The shift is coming rapidly, as payment methods are mover away from using credit cards, debit cards and cash to using smartphones.

More and more retailers have begun to accept mobile payments, with companies such as Starbucks (SBUX) and Peet's Coffee & Tea (PEET) being at the forefront of the movement. The retailers hope that they will be able save time and money by having customers move towards mobile payments.

Here is a list of five key players who look positioned to benefit from increased adoption of mobile payment technology.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GOOG $691.46 0.06%
VZ $50.78 -0.48%
AAPL $93.39 -1.50%
FB $116.44 -0.25%
TSLA $238.84 -3.60%


Chart of I:DJI
DOW 17,701.15 -129.61 -0.73%
S&P 500 2,059.10 -16.71 -0.81%
NASDAQ 4,768.6640 -36.6270 -0.76%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs