The payment process is currently a one-way conversation between the customer and the merchant. Mobile is set to change that, according to a leading expert in mobile payments.

The topic of mobile payments is red hot in today’s payments and mobile news media. But wireless carriers in Asia and Europe have been successfully enabling mobile payments for many years.

Global Payments has partnered with VeriFone to offer Canadian merchants a smartphone payment system.

SuperSaver.com is using social media to expand its mobile presence, letting merchants connect consumers with savings based on their location.

One of the most frequent questions I am asked is a variation of the following: “We know we need to get going on mobile commerce, but where should we start?”

Using the ubiquitous mobile phone, merchants and retailers can send payment reminders by SMS in order to decrease their expenditure on debt collection even further in this recession.