Small businesses will play a large role in mobile payment adoption

With consumers seemingly preferring to pay via new methods, such as ACH card and mobile payment systems, companies in the United States would be wise to adopt this technology.

However, larger businesses seem to have an allegiance to credit card payment systems, according to Info World, which may be forcing the adoption of mobile payments to slow.

"The United States is not going to be the lead market for NFC," Bill Gajda, head of global mobile products at Visa, said at the the Mobile Commerce World Conference.

The reason for this is the fact that swiping a card is quicker than using chip-and-PIN cards that are found in Europe, due to the fact that they often don't even require a signature, Gajda added.

But with current credit card payment systems costing small businesses a boatload, mobile payment systems could be fueled by these companies, as this technology takes a smaller share of each sale.

This could give small businesses an advantage, as the latest report from Heavy Reading Mobile Networks Insider projects the mobile payment industry is expected to grow to $1 trillion in global transactions by 2015.