I think another salient fact of the mobile financial space is the lack of customer training expertise on the part of some mobile technology vendors. There are mobile software vendors that announce new products that are not fully deployable. Half baked is a better term.

Banks that do not have the necessary knowledge experts in this field get sold a “bill of goods” on the robustness of the vendor’s platform only to subsequently find out that it is a lot of “smoke and mirrors”. This currently is a space were Caveat Emptor needs to the operative phrase.