Automotive-related proximity payments are a small, but growing market

Research and Markets have announced the addition of the 'Mobile Payments: Limited Near-term Opportunity for Vehicle Manufacturers report to their offering.

(PRWEB) December 19, 2003 --Automotive-related proximity payments are a small, but growing, market. The number of Speedpass users topped six million in 2002-up from five million in 2001-and Smart Tag recorded more than 104 million transactions in 2002. Automotive manufacturers, however, are not part of the value chain currently.

Key Questions

- How is radio frequency identification (Rfid) technology being used for mobile payments?
- Is there an opportunity to use Rfid payment mechanisms as an alternative to cash for payments initiated from vehicles?
- What role, if any, should automotive manufacturers play in vehicle-based mobile payments?

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