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Continued from last week
If there are too many form factors we will defeat the object of adding value and enabling web-based transactions and access. On the other hand, not enough, or too much (the application of the wrong form factors in the wrong combinations) will also add cost and inhibit use.
At the very bottom end of the continuum, anonymity (cash or the digital equivalent) is a huge part of the problem in terms of the sheer volume of transactions. According to APACS in the UK, of the 27 billion cash payments in 2003, 17 billion were for £5 (about $8.50) or less. Unsurprisingly, retailers are the biggest consumers of cash: roughly £100 billion was spent in UK retailers alone in 2004…
Original post by blog@rsa.com (John Madelin) and powered by Img Fly
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