We notice you are visiting from a U.S. Internet provider. 
10/08/2011 -
As payment services look to expand the use of mobile payment devices in the U.S., many analysts have questioned whether the relatively slow pace of adoption is a result of financial uncertainty among consumers.After all, retailers may not feel the pressure to pay for new payment terminals and technologies during a period of weak sales and revenue growth.
For that reason, many mobile payments advocates have begun looking toward consumer trends to gauge activity in the wider retail sector. However, conditions are bleak and show few signs of hope on the horizon.
The most recent Consumer Reports Index for August, for example, fell to the lowest level since December of 2009, marking the largest drop in two years.
"Too many households are feeling financial pain and more jobs were lost than created," said Ed Farrell, director of the Consumer Reports National Research Center. "Unfortunately, the burden of this bad economy has fallen on the households that earn less than $50,000 a year. They're the ones having trouble finding new jobs, paying bills and affording health care."
The trend suggests the process of mobile payment adoption may be prolonged, despite widespread acknowledgement that the technology is the future of consumer payments.
