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North Korea reportedly executes top general
Chinese group bids $1.2B for Opera Software
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Cisco beats estimates and raises dividend
Amazon up after new share buyback plan
Dow, S&P's longest losing stretch in months
Dollar drops to 15-month low vs. yen
Mylan reaches $7.2 bln deal for Sweden's Meda
Burger King to sell hot dogs starting Feb. 23
U.S. government runs $55 billion budget surplus

Bass issues warning on China’s foreign cash reserves

Asahi offers  InBev $2.9B for Peroni, Grolsch

BP CEO calls for cuts to carbon emissions
Supreme Court blocks Obama’s carbon cuts

Twitter proves Wall Street critics were right
Twitter adds new timeline feature

Christie, Fiorina drop out of presidential race

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again

Why did 2 top VC firms sell part of their stakes in Lyft?

Expedia doesn’t see Airbnb as a threat

Private-equity firms now buying back their own shares
Share buyback machine remains in overdrive

A new ‘Harry Potter’ book is coming this summer

What Apple, Amazon and Starbucks have in common

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Musician Lenny Kravitz owned the 19th-century Creole cottage in the French Quarter of New Orleans from 1994 to 2012. It's now back on the market at $1.16 million.

RE/Max N.O. Properties/Mansion Global
A bona fide celebrity abode — believe it or not
London house of the week has spiritual side
S.F. real estate looked like this in 2000, too
San Diego prices sending buyers northward
Location Scouts: Insider intel from top markets

A break for zombie-fighting Amazon developers

REIT bonus targets at heart of Brixmor scandal

Burberry sues, says J.C. Penney copied its designs
NRF expects retail sales to grow 3.1% in 2016

10 essential money questions to ask yourself today

Feds have removed a roadblock to driverless cars

Why is everyone freaking out about ‘CoCos’?

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Tricky tax issues you should know about this year

Why you should consider retiring abroad
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Expat retirees: How life has turned out

Is it wise to hold on to cash reserves?


IRS says identity thieves breached its systems
How to know if your tax preparer is a crook
Tax software firm warns of data breach
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Will oil get so cheap, it won’t pay to extract it?


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Markets »

122.29MDow Volume:
Avg Vol: 131.80M
Unchanged
201
Decliners
3048
Advancers
3255
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
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Dow
/quotes/zigman/627449/realtime 15,915 -100 0.62%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 +15 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,852 0 0.02%
GlobalDow
/quotes/zigman/629063/realtime 2,082 +2 0.11%
Gold
/quotes/zigman/33772884/delayed 1,207 +12 1.00%
Oil
/quotes/zigman/2260836/delayed 26.98 -0.47 1.71%
FTSE 100
/quotes/zigman/3173262/delayed 5,672 +40 0.71%
DAX
/quotes/zigman/2380246/delayed 9,017 +138 1.55%
CAC 40
/quotes/zigman/3173214/delayed 4,061 +64 1.59%
FTSE MIB
/quotes/zigman/1482176/delayed 16,714 +801 5.03%
IBEX 35
/quotes/zigman/2759620/delayed 8,144 +216 2.73%
Stoxx 600
/quotes/zigman/2380150/delayed 315 +6 1.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,438 -16 0.65%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,473 -815 4.22%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,514 -245 1.03%
Singapore
/quotes/zigman/1709939/delayed 2,559 -23 0.88%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.04%
Yen
/quotes/zigman/16008150/realtime/sampled 112.63 -0.72 0.64%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.08%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 +0.00 0.01%
DXY Index
/quotes/zigman/1652083/delayed 95.75 -0.07 0.07%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.80 -0.09 0.10%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.67 0.00 0.00%
German 10y
/quotes/zigman/15866409/realtime 0.24 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.65 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.72 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 0 1.71%
Gold
/quotes/zigman/33772884/delayed 1,207 +12 1.00%
Corn
/quotes/zigman/25518691/delayed 360 0 0.07%
DJIA F
/quotes/zigman/48241424/delayed 15,781 -85 0.54%
S&P F
/quotes/zigman/43106711/delayed 1,837 -10 0.56%
Silver
/quotes/zigman/32655632/delayed 15 +0 0.51%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.00 1.46 1.47%
AAPL /quotes/zigman/68270/composite 94.27 -0.72 -0.76%
GOOG /quotes/zigman/59527964/composite 684.12 6.01 0.89%
BAC /quotes/zigman/190927/composite 11.98 -0.22 -1.80%
C /quotes/zigman/5065548/composite 37.41 -0.10 -0.27%
F /quotes/zigman/264304/composite 11.34 -0.01 -0.09%
T /quotes/zigman/398198/composite 36.43 -0.22 -0.60%
BP /quotes/zigman/247026/composite 28.04 -0.31 -1.09%
GE /quotes/zigman/227468/composite 28.30 0.02 0.07%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

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Do You Need a Mobile Wallet?

Now that a group of prominent retailers has announced a plan to embrace mobile payments, consumers are once again facing the Big Question: Namely, is it finally time to ditch that Costanza wallet?

Tyler Olson / Shutterstock.com

The question, of course, refers to George Costanza, the clueless sidekick of “Seinfeld” fame who carried a wallet so filled to capacity that it finally exploded. In recent years, the big players in the payment industry — merchants, banks, mobile-phone companies — have touted a day when such an overstuffed leather carry-all will become as much a relic as the typewriter or LP.

But even with a new wave of retail giants, including Wal-Mart and Target, entering the digital-wallet space, consumers may still have rightful reason to be skeptical — at least for another year or two — and to hold on to their plastic, say experts who track mobile commerce.

For starters, the problem is one too many competing technologies. In addition to the newly announced Merchants Customers Exchange, the other big names in mobile payments include Google and Isis. A wide-open field poses a dilemma for consumers, since nobody wants to get stuck with the mobile-wallet version of Betamax.

On top of that, the individual payment systems are still going through an extensive period of refinement. When Google Wallet first launched, for example, it worked only with a Citibank-issued card. Just this past month, Google announced it finally expanded to support “all credit and debit cards from Visa, MasterCard, American Express and Discover.”

But limitations of one sort or another still exist with most of the major mobile-payment services — and will continue to do so for a while. For example, not all smartphones work with all services. “It’s just the market shakeout,” says Hank Israel, a partner with Novantas, a prominent management consulting firm.

On top of that, there’s a broader question of whether using a mobile payment system, which requires its own version of “swiping,” is any easier or more convenient than taking out that piece of plastic.

For example, consumers still need to carry a physical form of identification (the mobile driver’s license doesn’t appear to be in our near future). And they still need to carry some cash, since the occasional merchant insists upon it (ever try paying a babysitter with a digital wallet?).

Most important, while mobile commerce is gaining ground — transactions are expected to grow from $172 billion in 2012 to $600 billion in 2016, according to Gartner Inc. — thousands of merchants are still not equipped to accept mobile payments, making it harder for consumers to leave the credit cards at home.

Plus, the leather wallet has one distinct advantage: It doesn’t require a battery. Even a digital-wallet fanatic is “always going to want some kind of backup,” says Daryl Colwell, a vice president at MediaWhiz, a digital media agency.

If there’s good news for consumers, however, it’s that as retailers embrace mobile commerce they could be offering deals of all sorts as part of the formula, experts say. Think “instant” coupons or other offers, designed to trigger a last-minute purchase.

And just as retailers will offer shoppers a special one-time discount for signing up for an in-house credit card, they could do the same with a mobile-wallet platform.

Mr. Colwell believes it’s this sort of promotion that could ultimately make the mobile wallet a mainstream consumer reality. “As long as there’s a big incentive for shoppers to jump on board, they’re going to jump on board,” he says.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 7)

View all Comments »
    • We already use Mobile Wallets in Japan. We have since about 2005-2006. We call it Osaifu-keitai (Osaifu=wallet, keitai=cellphone). However it’s a little bit different.

      One big difference is I can use mine even when my phone is dead. But also applications for different cards (point cards, credit cards, train cards) are done separately but access the same chip. To choose what I want to pay with I just simply tell the cashier the card I wanna pay with and lay my phone on the scanner. The entire bottom of the scanner glows green or blue and makes a particular “beep.”

      I usually use my Suica, which is actually my train card. All ticket gates have FeLiCa(NFC) readers, I swipe when I go in and out, it calculates my fare and deducts from balance. I can reload my mobile suica with my bank account or credit cards, or with cash at a convenience store. Most people however use Suica cards (or Pasmo, Icoca, or some other)….all cards were developed separately but nowadays they are all seamlessly linked, and work for most railway companies (we have many in Japan). Also vending machines and stores near train stations often take Suica as payment. We can use our phones or train cards to pay.

      The system has taken off in that it is used in many places, but it hasn’t in that many Japanese are cautious to use it. This maybe comes from credit cards not being common here. They aren’t rare here, but people prefer cash. There is very little crime here, and merchants hate the fees payed to Visa, mastercard, JCB etc. so it tends to only be at convenience stores or big department stores. However people still tend not to use it. Also debit cards are not issued as a standard with bank accounts. We have cash cards, which is used to access that banks ATMs to withdraw/deposit money or wire money. People are cautious to use something electronic because the feel like they can’t feel their money so they can’t control it.

      I think NFC has huge potential in the US. However I think it’s gonna have a much slower start because of all this division. There needs to be a unified or mostly-unified system that works for everyone with set standards used by all mobile payment providers. This makes it easier for retailers to install equipment, and less confusing for consumers.

    • This wallet is clleray well made and looks like lasting longer than my last one. But it appears to be designed for non-UK bank notes so some notes (eg 20 pounds) protrude very slightly even when pushed down as far as they will go. It is also fiddly to open up when in a hurry. But it looks smart and easily fits in trouser pocket.

    • Bahh a volte non vi capisco qustee a mio parere sono immagini in game precalcolate, e della Wii.Anche perch un fottuto 360 fa decisamente di meglio.finalmente qualcosa di veramente decente a livello tecnico. Mario Galaxy e molto curato come titolo, ma altrettanto poco ricco di particolari e nemici su schermo. ma questo e voluto ovviamente come tutti i mario in 3D.Niente di cui sbalordirsi, e quello che avrebbero dovuto fare dall’inizio.Anche se devo ancora papire come ditte come la Capcom che ha sfornato RE4 su Gamecube, non riesca a proporre un titolo devente a distanza di 3 anni sulla Wii, contando che il Kit di sviluppo sostanzialmente e lo stesso.

    • After study a few of the blogposts on your site today, and I truly like your way of bogiglng. I added it to my bookmark web site list and will be checking back soon. Pls visit my website too and let me know what you think.

    • I just bought girl scout cookies from a six year old with a Square.

About Real-Time Advice

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

London Markets Open in:

need to know
North Korea reportedly executes top general
Chinese group bids $1.2B for Opera Software
Italy approves reforms  for small mutual banks
Walgreens may end partnership with Theranos
Cisco beats estimates and raises dividend
Amazon up after new share buyback plan
Dow, S&P's longest losing stretch in months
Dollar drops to 15-month low vs. yen
Mylan reaches $7.2 bln deal for Sweden's Meda
Burger King to sell hot dogs starting Feb. 23
U.S. government runs $55 billion budget surplus

Bass issues warning on China’s foreign cash reserves

Asahi offers  InBev $2.9B for Peroni, Grolsch

BP CEO calls for cuts to carbon emissions
Supreme Court blocks Obama’s carbon cuts

Twitter proves Wall Street critics were right
Twitter adds new timeline feature

Christie, Fiorina drop out of presidential race

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again

Why did 2 top VC firms sell part of their stakes in Lyft?

Expedia doesn’t see Airbnb as a threat

Private-equity firms now buying back their own shares
Share buyback machine remains in overdrive

A new ‘Harry Potter’ book is coming this summer

What Apple, Amazon and Starbucks have in common

Portland Trail Blazers guards Damian Lillard and C.J. McCollum live with ... mom
Meet the NBA stars who live with their mothers

Musician Lenny Kravitz owned the 19th-century Creole cottage in the French Quarter of New Orleans from 1994 to 2012. It's now back on the market at $1.16 million.

RE/Max N.O. Properties/Mansion Global
A bona fide celebrity abode — believe it or not
London house of the week has spiritual side
S.F. real estate looked like this in 2000, too
San Diego prices sending buyers northward
Location Scouts: Insider intel from top markets

A break for zombie-fighting Amazon developers

REIT bonus targets at heart of Brixmor scandal

Burberry sues, says J.C. Penney copied its designs
NRF expects retail sales to grow 3.1% in 2016

10 essential money questions to ask yourself today

Feds have removed a roadblock to driverless cars

Why is everyone freaking out about ‘CoCos’?

If you’re bullish on oil, Chevron and Exxon are buys here
If you’re bullish on oil, these stocks are buys

Social Security in the crosshairs: replacement rates again
Stage is being set for cuts to Social Security

Tricky tax issues you should know about this year

Why you should consider retiring abroad
Finding the best places to retire abroad
Expat retirees: How life has turned out

Is it wise to hold on to cash reserves?


IRS says identity thieves breached its systems
How to know if your tax preparer is a crook
Tax software firm warns of data breach
White House's lesson about online security

Will oil get so cheap, it won’t pay to extract it?


/conga/frontpage.html 367663

Markets »

122.29MDow Volume:
Avg Vol: 131.80M
Unchanged
201
Decliners
3048
Advancers
3255
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,915 -100 0.62%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 +15 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,852 0 0.02%
GlobalDow
/quotes/zigman/629063/realtime 2,082 +2 0.11%
Gold
/quotes/zigman/33772884/delayed 1,207 +12 1.03%
Oil
/quotes/zigman/2260836/delayed 26.98 -0.47 1.71%
FTSE 100
/quotes/zigman/3173262/delayed 5,672 +40 0.71%
DAX
/quotes/zigman/2380246/delayed 9,017 +138 1.55%
CAC 40
/quotes/zigman/3173214/delayed 4,061 +64 1.59%
FTSE MIB
/quotes/zigman/1482176/delayed 16,714 +801 5.03%
IBEX 35
/quotes/zigman/2759620/delayed 8,144 +216 2.73%
Stoxx 600
/quotes/zigman/2380150/delayed 315 +6 1.87%
Asia Dow
/quotes/zigman/6959860/realtime 2,438 -16 0.65%
Nikkei 225
/quotes/zigman/5986735/delayed 15,713 -372 2.31%
Hang Seng
/quotes/zigman/2622475/delayed 18,476 -812 4.21%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,517 -242 1.02%
Singapore
/quotes/zigman/1709939/delayed 2,561 -22 0.83%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.00 0.04%
Yen
/quotes/zigman/16008150/realtime/sampled 112.64 -0.71 0.63%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.07%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.00%
DXY Index
/quotes/zigman/1652083/delayed 95.75 -0.07 0.07%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.80 -0.09 0.10%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.67 0.00 0.00%
German 10y
/quotes/zigman/15866409/realtime 0.24 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.65 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.72 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 0.00 0.00%
Crude Oil
/quotes/zigman/2260836/delayed 27 0 1.71%
Gold
/quotes/zigman/33772884/delayed 1,207 +12 1.03%
Corn
/quotes/zigman/25518691/delayed 360 0 0.07%
DJIA F
/quotes/zigman/48241424/delayed 15,779 -87 0.55%
S&P F
/quotes/zigman/43106711/delayed 1,837 -10 0.54%
Silver
/quotes/zigman/32655632/delayed 15 +0 0.51%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.00 1.46 1.47%
AAPL /quotes/zigman/68270/composite 94.27 -0.72 -0.76%
GOOG /quotes/zigman/59527964/composite 684.12 6.01 0.89%
BAC /quotes/zigman/190927/composite 11.98 -0.22 -1.80%
C /quotes/zigman/5065548/composite 37.41 -0.10 -0.27%
F /quotes/zigman/264304/composite 11.34 -0.01 -0.09%
T /quotes/zigman/398198/composite 36.43 -0.22 -0.60%
BP /quotes/zigman/247026/composite 28.04 -0.31 -1.09%
GE /quotes/zigman/227468/composite 28.30 0.02 0.07%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

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