US Consumers Want Single Contactless Payment Accounts

US consumers are keen to use their mobile handsets for making in-store payments, but the majority only wants to have one credit/debit account for making those purchases, according to a new ABI Research survey of US consumer attitudes.

Much of the work on developing a standard application platform across NFC, Near Field Communication handsets has been geared at providing a platform capable of supporting and managing multiple payment accounts from any number of credit and debit card issuers. However, ABI Research’s "Mobile and Contactless Payments" survey, carried out at the end of 2007, reveals that initially at least, consumers prefer a single account that is easy to manage on the handset. The survey drew together opinions from a web-based sample of more than 1000 respondents drawn from across the United States and ranging in age from 14 to 59.

How interested are US consumers in using their mobile phone to make purchases?

What key issues must be considered as NFC payment applications come to market?

How great a concern is security?

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