|Home About us Contact us|
|Ergonomic Solutions to Man-Made Afflictions|
Mobile payments, albeit currently not, are most likely to become the lifeblood of mobile technology applications as a whole in the few years to come, according to a preliminary research by ErgonoTech. And the tipping point is likely to come around 2010, when the full-blown broadband infrastructure starts to exploit newer horizons of mobile multimedia.
A great number of top-notch market research firms have been publishing their market forecasts individually on various segments of mobile technology and its applications. However, it seems like forecasting is one thing, and what actually turns out later is another.Mobile technology is evolving very fast into an unheard-of and unthinkable behemoth that is not visible to the market research firms, if they tend to look more into a rearview mirror to make a forecast for the next 5 to 10 years.
AI(Artificial Intelligence) or SI(Swarm Intelligence) will make greater inroads into mobile technology, and therefore biogenics or biomimicry will
start playing a major role in mobile technology in the next decade to come. Insects, birds, bats, dolphins, and other animals excelled mankind in flying, swimming or communicating as many as tens of millions years before mankind even developed enough intelligence to think about inventing a cart wheel.
Why going wireless for payments
Types of currency have been undergoing a phenomenal transformation.
Some archaeological finds revealed that primitive man used big and heavy stones or rocks in place of money as the heavy weight served as a safeguard against thefts. Primitive man preferred physical weight to convenience, whereas modern man prefers convenience to weight.
To a large extent, paper bills have been replaced by plastic money, cyber money, wireless money, with the result of saving time, space, and other resouces as well. In other words, user-centric pressures are spurring this tendency.
Why and when cash is a nuisance
Moreover, volume handling of paper money by business or organizations requires a lot of overheads associated with its time-consuming handling process, like counting, binding, recalculating, supervision, secured delivery, and deposit into accounts.
Despite this growing overhead, why can't tollgates, for example, go cashless, but end up afflicting this ever-sharpening man-made suffering to motorists and forcing vehicles to spit out the bulk of their daily share of CO2 gas emissions, while queuing up before the tollgates?
Currently, Californian toll authorities are selling FasTrak cards at a "first time"discount at Costco stores in efforts to maximize the use of RFID transponders. Though toll authorities are doing every means possible within their power to encourage the use of RFID transponders, the weakest link in the chain is that
Contactless Payment technology is Panacea or Placebo?
Cashless payments and contactless credit cards are increasingly penetrating into metropolitan daily routine. In New York and Silicon Valley, for instance, a number of chain and independent food service operators are taking orders via the Internet or text messaging, according to Nation's Restaurant News.
"Contactless payment technology features a transmitter chip on the user's card, key chain fob or cell phone that conveys identifying data across small distances to a receiver on the merchant's terminal. Because there is no need to properly orient a magnetic stripe and swipe, contactless transactions are faster and easier than conventional card settlement,." said NRN.
"Small distances" means 12 inches or 90 feet at best. However, DriveOnPay technology can do wireless transactions within a 5-mile range. These "small distances" wireless transactions won't address the metropolitan traffic issues, which are accountable for the bulk of CO2 gas emissions.
Still, the contactless credit cards will be preferred by users in view that as a stray customer, you might endure some embarrasing occasions to bother to produce a second ID to a cashier with a suspicious glance.
Online Banking is branching out into mobile banking
Nearly 80 million US
adult Internet users will
conduct some banking activity online this year, an increase of 9.5%
over 2006, according to eMarketer, a leading research firm in digital
marketing. Eventually, online banking, mostly on desktops and on
laptops and mobile phones, will see
a cladogenetic evolution more vigously into mobile banking, when the
awakens to the need to identify the hidden links between vehicle
dashtops and mobile devices.
Governments losing money, Consumers/Motorists suffering
On the other side of coin, municipal governments are losing money in their operation of parking meters, and parking garages,for example. Take Oakland and San Francisco in California. Oakland city is reportedly losing an annual average of $2 million from its parking meters, and San Francisco is getting Meter money far below capacity at its 23,000 meters. Not only parking meters but they face a grim outlook in public parking revenues.
But what about motorists? Traffic congestions, including gridlocks and stop-and-go traffic, and stressful hunting for parking spaces, have become a major part of motorists' daily routine. In downtown San Francisco,you may encounter a decent-looking guy approaching you for a couple of quarters he desperately needs to insert into a nearby parking meter.
Headless in tollgates
All told, city governments are losing money and motorists are still suffering. Do you know why this is happening. Figuratively speaking, if you were forced to pay your tolls and parking fees in no other than all pennies, then what would happen? Paying cash for tolls is an inane practice, and a mix of cash and RFID transponders for toll payments is a more insane scheme. Tollbooths have been configured for carpoolers, cash payers and RFID tranponder users, thereby causing more twists for vehicle traffic.
Can't tell vehicles from vehicle traffic
This folly in tollbooth configurations stems from the fact that toll authorities or engineers involved can't tell vehicles from vehicle traffic. A herd of vehicles in motion is vehicle traffic, a traffic flow. On the other hand, vehicles, when parked in a place, are vehicles. The point is that the current tollgate congestion is a man-made suffering that can be resolved, only when the engineers involved begin to awaken to the need of telling vehicles from vehicle traffic.
Wireless Age beckoning, but aren't we trying to jump over a ditch with two leaps?
We have entered an era of wireless payments, but state and city governments are asking us to pay tolls and parking fees in cash, coin and by RFID transponders. Inadvertently, if one motorist hands out a $100 bill to pay the toll, then there will be a fraction of a minute's delay at the tollbooth. But its butterfly effect stretches over 5 to 15 miles like a tsunami, as if a butterfly's flapping in Beijing might cause a tornado in Washington D.C.
This is why we need a fail-safe disruptive technology in a shift away from backward compatibility , which may ensure economy of scales, but not all the time. RFID technology is effective in a limited scope, but not in wireless transactions. Parking meters accepting coins, paper bills and credit/debit cards
sound like the best solution on the surface, but will cause more unexpected problems. Not all the time, but sometimes we need to learn to appreciate the meaning of "creative destruction".
To wire some money to a foreign country, do you go to Western Union or use PayPal? About two decades ago, banks used teleprinters to receive T/T(Telegraphic Transfer), which then was the fastest method of wiring money to a foreign country. In the middle of 1980s, fax machines got into every small and big offices and even into homes, and made a new wave of communications.
Compare the speeds of teleprinters and fax machines.
Printing letter after letter is what teleprinters do. On the other hand, fax machines do the job by line after line. What about e-mail then? As far as bandwidth permits, e-mail can send tens of thousand pages or more in a fraction of a second.
Collecting tolls and parking fees, checking in for boarding passes and ball parks, and waiting on hold for a phone order of a hamburger can be done at the speed of e-mail, based on DriveOnPay technology.
Tollgates, public parking garages, parking meters are just the tip of iceberg. Ball parks, airports, shopping malls, expos, convention halls, amusement parks, opera houses, movie theaters, concert halls, national parks, RV parks, and camp sites can't go cashless? Why not?
High Car Density is Mother of wireless payment?
Have you ever wondered why we can't go cashless across the board when it comes to paying parking fees, buying subway passes and movie tickets? In Hong Kong, they use Octopus cards to do the above. In Korea and Japan, they use cash cards or credit or debit cards for the same. But car density in these Asian countries are not as high as in USA.
A total of 233 million vehicles in USA and a population of about 300 million. Almost everybody drives one vehicle, except for children below age of 16 and disabled and elderly people. This is why all the public places are overcrowded and everybody has to wait in line to pay to get some service or merchandises they need. One American household spends about 40% to 60% of their household income on vehicles: car payments, car insurance, gasoline, upkeep costs, tolls, taxes and dues, and traffic tickets.
In countries of low car density, using Octopus cards and similar Contactless payment technology might be more workable than in USA, because there are not so many motorists as in USA.
CARS, CARS,CARS,TRUCKS, TRUCKS, TRUCKS, BIG RIGS, RV's with trailers,TRUCKS towing boats in behind are the traffic scene on the American roads. A couple of big rigs, menacingly and obtrusively , can do the obstruction of traffic justice, creating a stop-and-go traffic over a stretch of 3 to 5 miles.
And that during rush hours, when commuters are getting desperate for timely clock-in or for picking up their kids at a daycare center in time.
Is it God or devils who created this heck of pandemonium? Absolutely no.
Man has created this nonsensical Gordian knot , trying to untie it, because the best solution looks like untying it. But the ultimate solution
Method of wireless payments
Payment information can be stolen in public within a range of 10 meters
Advantages of DriveOnPay technology
DriveOnPay can pay tolls, parking fees, and do online shopping within a 5-mile range of a BS (Base Station), while driving even at 80mph. All you have to do is pick one of the payment options( three to five options, including debit,credit, Prepaid, etc) and press the key for the payment option on the touchscreen of VIMO.Online orders and reservations on VIMO are prepaid online.
Mobile payments to reach $22 billion in 2009
"Jupiter Research predicts that P2P fund transfers and mobile payments in the developing world, together with the commercialization in 2009 of NFC (Near Field Communications) based mPayments will generate transactions worth approximately $22 billion."
The above forecast, however, ruled out any possible advent of BWA
mobile payment platforms, including DriveOnPay™. ErgonoTech believes that mobile WiMAX will certainly broaden the basis of mobile payments.
Mobile Fund Tranfrer to generate $8 billion in operator revenue by 2012
"By enabling subscribers to send and receive money using their wireless phones, mobile operators have the opportunity to bring local banking services to millions of people around the world. These services could also deliver operators a valuable new revenue stream. According to a new study from ABI Research, the market for mobile fund transfers will grow to a revenue opportunity of nearly US$8 billion for mobile operators by 2012, from just over US$10 million last year."The ABI study is focused on mobile fund transfers only, based on the currently available mobile payment technlogy. What had been unthinkable a few years ago happens in modern technology worlds, particularly mobile technolgy, where mobile multimedia moves toward cladogentic evolution at a brisk pace.
It remains worthwhile watching more closely at that pace of technology evolution. It is crystal-clear that other segments of mobile payments, unthinkable for now, will have appeared by 2012, as we expect to see an upheaval in telecom industry or a sea change in busienss alliance between media giants and mobile operators., as the forthcoming change in the FCC specturm auction rules may indicate a loosening of spectrum licensees' market control or a stengthening of net neutrality.
[The core technology of DriveOnPay™ and its deployment scenarios can only be disclosed to interested parties under a non-disclosure agreement and then licensed to qualified and competent licensees on a non-exclusive basis.]
Site Map Legal Privacy Patents & IP Investor Relations © 2006-2009 ErgonoTech, Inc.