Stakeholders in the mobile payments ecosystem

Mobile payments really aren’t new, in spite of all the recent hype. Granted, the merchant pricing and the credit process has become considerably more transparent and straightforward thanks in part to Square and others that use smart phones and tablets over clunky and expensive POS terminals and cloud-based systems.

Still, there are plenty of stakeholders in the mobile payments ecosystem, including

  • Payment card networks
  • Acquiring banks
  • Hardware manufacturers
  • Payment processors
  • Independent sales organizations
  • Advertising companies that sell space on receipts
  • Data brokers
  • Coupon and loyalty program administrators
  • Operating system developers
  • Application developers
  • The retailers and merchants themselves