Mobile Payments Will Take Off
2011 was the start of the transition to people using their cell phones to pay for purchases. Both Master Card (MA) and Visa (V) have bet heavily on mobile payments, along with Google and eBay's PayPal.
Companies like Starbucks (SBUX) have begun already implementing the technology and the trend is sure to pick up momentum in 2012.Review: Though the Facebook IPO call was spot on, I feel more confident about having nailed this one. Square signed a deal with the aforementioned Starbucks to bring its technology to the mainstream. eBay's stock has performed exceptionally well this year, due largely to incredible growth at its PayPal unit. Apple included Passbook in its newest mobile operating system, perhaps as it moves to mobile payments. The digital wallet's future truly is now, as mobile payments shape the way we pay for everyday goods and services. Grade: A+ (This one gets me a gold star next to my name.) Overall, I think I did fairly well with predictions, with four of the ten being spot on, two being pretty on and one which looks like it will eventually happen. I made one lousy call, and two really atrocious calls which hurt my overall grade for 2012. I'd give myself a B, solid, but not spectacular. In 2013, hopefully I can turn a couple of those bad calls into better calls and increase my accuracy. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull