Dan Alaimo wants everyone to calm down. Noting the near-hysteria exhibited by commentators when they describe delays and gaps in the introduction of new payment methods like Apple Pay, CurrentC, or Samsung Pay, he offers a clear recommendation: Wait until they’re ready. The process of changing the way consumers pay for purchases is necessarily a slow one, involving multiple steps. When the change involves an unprecedented new technological approach, it likely needs even more time. Furthermore, dealing with people’s credit cards and bank accounts requires tight security, so it is preferable that providers take their time to make sure they can keep the information secure, rather than rushing rollouts that have not been sufficiently tested. Give it some time, Alaimo says. The change will come.

 

Source: Dan Alaimo, Retail Wire, July 26, 2015