Google Wallet, ISIS’s biggest rival and frontrunner in the mobile payment race, already has check-out scanners in more than 100,000 retail locations, including the Gap, Office Max, and Walgreens, and many retailers will even offer both ISIS and Google Wallet as mobile payment options. However, there is little word regarding the lack of smartphone support for either system – Google Wallet, for example, is currently available on only four Sprint smartphones.

ISIS’s concrete stake in the race has launched the discussion of the future of mobile payment straight from conjecture into plan-of-attack. Our most recent Potty Posting offers a whole slew of information about the implications of mobile payment for brands and marketers, the technology used, category competitors, and the possibilities of what’s ahead. We’ll continue to track developments in these trends as the push for mobile payment progresses.

But as for now, it’s clear that brands, retailers, and even marketers who aren’t fast enough to keep up with the demand for mobile payment will undoubtedly be at a disadvantage when it comes to leveraging the opportunities it offers. Stay smart about mobile payment by keeping up with the Awesome Blog – we’ve got you covered.

Debit and credit cards are so last year. Checks have all but crossed the line into social taboo. And cash is basically, like, archaic.

Ugh, it’s like retailers don’t even want our money.

But wait! A few days ago, a Pew study found that 65% of surveyed tech critics and stakeholders believe mobile payments will replace cash and credit by 2020.

Even though mobile payment is still in its infancy, it seems like everyone is hopeful about its future, especially when it comes to improving the process with updated technologies.

Unfortunately, good citizens, we have cynics among us – those who worry about things like security, standardization, and the cost of new gadgets.

But fear not. We wouldn’t want you stranded in the Dark Ages of outdated currency. With this handy guide, follow us into the realm of information so you, too, can help welcome this brave new, digital-financial world.

What Is This Sorcery?

Put down the torches and pitchforks, townspeople. Brands that you already know and love have signed on to create promising mobile wallet apps, using these new technologies:

NFC, or Near-Field Communications, allows you to pay simply by waving your mobile phone at an NFC receptor at the register.  RFID, or Radio Frequency Identification, is like NFC but can be used at a longer range. And 2D barcodes can even be scanned at the register from a customer’s phone to charge a pre-paid account.

Rather than producing your credit card at every purchase, mobile wallet apps store your financial data and use these technologies to pull it for you automatically, at the point of purchase.

The Google Wallet app, which uses NFC, currently only works with Citi Mastercard and the Google prepaid card, but it does sync with your Google Offers and hopes to soon hold all card types.

Acceptance is liberation. (credit: fullissue.com)

Like Google Wallet, ISIS, a joint venture of AT&T, Verizon, and T-Mobile, will also use NFC and will hold credit cards, loyalty cards, and promotions.

PayPal also plans to release its PayPal Wallet app soon. Unlike Google Wallet, it won’t use NFC but will let you change your payment method up to 7 days after you pay.

These apps will soon be able to hold multiple card/account numbers and allow you to choose which account you’d like to charge when you wave your phone at the receptor. They will also have the ability to store coupons, receipts, and past purchase information to facilitate discounts and returns easily.

However, as mentioned earlier, there are dissenters. They wonder if it could be easy for someone to access your bank accounts just by waving their phone near yours (no.) They don’t want to have to buy NFC-enabled phones (they’ll change their minds). And they complain about the lack of standardization in mobile payment technologies (ok, that might be a good point).

How Can Marketers Conjur This Black Magic?

What the dissenters don’t see is that evolving mobile payment platforms are prime real estate for marketers!

Imagine the ease of distributing targeted promotions! Using NFC, mobile wallet apps can already track a consumer’s location and purchase history, allowing brands to send her coupons for the store she’s browsing in or updates on items she frequently purchases.

Think of the social media integration! What if a check-in immediately rewarded her with a coupon loaded to her mobile wallet, and her purchase was discounted automatically at the register? And if she allows Facebook to post which coupons she was receiving, not only would it encourage more check-ins, but it would encourage her friends to adopt the app, too.

Plus, there’s potential to move into other forms of media – MasterCard’s QkR app can pull purchasing information from just about anywhere, including QR codes, TV signals, and the Xbox Kinect. Praise technology of the future!

Say NO to the tyranny of physical currency! Demand your NFC-enabled smartphone today!

(credit: venturebeat.com)

The opportunities of mobile payment are looking promising. While the technologies and full capabilities of the apps are still to be cemented, brands are sure to see significant benefits when the rough edges are smoothed out regarding standardizations and security misperceptions. But, once mobile payment technology is ready for the mainstream, brands can use it to inspire action and usher in the glorious age of mobile finance!

The industry needs to embrace new technologies and rethink how to engage with the younger shopper, but I don’t believe that replacing people with technology is the right solution. Shoppers simply want their new online expectations met in the offline retail environment. We shouldn’t be replacing people with technology; we should be enabling and empowering them with technology. This applies to the sales or customer service representatives and shoppers.

There are wonderful examples of this approach that have popped up around the world. At Burberry in China sales associates are armed with iPads that allow them to check the company’s entire inventory and recommend items that aren’t available in that particular store. If the shopper wants the item, it can be purchased on the spot and is shipped directly to their home. Neiman Marcus has been testing a new opt-in location awareness app that notifies the sales staff when a loyal customer walks through the door and provides them with information to guide the shopping experience (e.g., previous purchase history, Facebook profile). Macy’s uses QR codes on their apparel tags that allow shoppers to watch a video from the designer discussing the particular line or item. Both New Balance and LL Bean use RFID to cue shopper information videos when an item is picked up.  Whole Foods is even testing a gesture-controlled shopping cart that follows you around the store tracking your purchases and your shopping list.

So let’s keep the people, but make them better with technology.

Now the concept is evolving, and brands are catching on. The same grocery shopping wall is currently being tested on a smaller scale in several bus stops throughout Seoul, and household needs giant Procter & Gamble executed a wall in four major subway stations in Prague featuring razors, laundry detergent and the like at the end of 2011. Just weeks ago, consumers in New York were treated to a shoppable apothecary wall by Conde Nast’s Glamour magazine, and Chicago’s own O’Hare airport is currently sporting a wall by Sears with popular toys for boys and girls (seen in the photo above). Business traveling parents take note—if you forgot to grab little Susie or Bobby a souvenir from your trip, this wall could be your saving grace on the way to baggage claim. Just a few clicks and the latest Elmo-doll sensation could be yours!

While many of the executions noted are using the more widely recognized QR codes for scanning purposes, SpyderLink’s Snap Tags are also starting to make appearances in the world of (literal) window shopping.

With brands on the lookout for new ways to target consumers, technology takes center stage with virtual walls providing a seamless, simplified shopping experience.

Recently hitting 10 million unique monthly views faster than any standalone site in US history, Pinterest is becoming too big to ignore, especially for brands and marketers. Curious about what this site is and how to utilize it? Check out our new Potty Posting, which takes a look at how brands can use this site to “pinspire” consumer action.

The Ego to Her Id

Do you often find yourself planning a hypothetical wedding, decorating a hypothetical house, or building a hypothetical shoe closet out of items you probably can’t afford?

If so, you might have a Pinterest problem.

At least you’re not alone. Apologies in advance to anyone who’s already familiar with it, but Pinterest is a social media site for users to gather, organize and share things they find on the Internet in a visually-stimulating, digital scrapbook. With over 11 million unique monthly visitors in January and referral traffic equaling that of Google and Twitter, it’s gaining a lot of attention.

“NOOOOOOO!” you exclaim in a fit of rage. “I can’t keep track of all these stupid social networks anymore! What makes this one different?!” Geez, calm down.  Have some pins to help you relax.

A user’s Pinterest boards, or categories in which she “pins” items, are filled with inspirational quotes, entertainment ideas, parenting tips, recipes, decorating palettes, and everything else she can relate to. Even if the user doesn’t have the time, money, or energy to achieve or own all of the cool things she pins, she can still customize her scrapbook so that it becomes a visual representation of her ideal self, or what she would do if she could. Essentially, Pinterest is the organizing, rational helper to her passionate, impulsive instincts – the ego to her id.

In this way, Pinterest is the perfect platform for brands to connect with users. Whether they realize it or not, brands and marketers have been tapping in to the id and ego for decades, convincing consumers to satisfy their impulses by rationalizing those choices for them. That’s why brands have really started taking notice of this new platform. Some active brands on Pinterest, like Chobani yogurt and Gap clothing, post photos of recipe ideas and clothing combos (respectively) to allow users to save the brand as a “maybe someday” wish, without the immediate commitment to buy.

And when these brands trigger her lustful impulse to pin their attractive or delicious products, she shares it with the entire Pinterest community (there are no privacy settings on boards yet), and it guarantees that she’ll recognize it and be more likely to purchase it when she sees it in real life. Plus, on Pinterest, brand content doesn’t come in the form of a sponsored story or a traditional ad – it’s mostly re-pins from other users, which is, essentially, a recommendation of that brand by other community members. This recommendation is invaluable, because every marketer knows that people trust friends and virtual strangers more than advertising.

There’s only one problem: brands have to make it seem like they’re not selling anything. This is easy when it’s other users re-pinning a brand’s content, but with the ability for brands to create their own profiles and boards, the directness of the brand’s self-promotion could make users wary. A user’s boards are really personal – they’re an open exhibition of her philosophies, goals, dreams, and lifestyle. This puts brands at a disadvantage: a Pinterest user is not going to respond very well to impersonal ads and marketing messages taking advantage of the personal information she shares on her boards and cluttering up her ideal-self-collage.

This makes it necessary for brands to use Pinterest’s platform, and the nature of a user’s impulsive id, to do the marketing for them. On Pinterest, images take center stage, so brands should focus on eye-catching photos of their products to encourage re-pinning. Descriptions should be kept short and sweet, with just enough information to warrant a click. An important but often overlooked rule of thumb is to make sure pins are added to the right boards; if a brand offers a great product for a user browsing a “Midnight Snack” board, it’ll be a perfect match.

In addition, since Pinterest doesn’t have an established revenue plan, brands can leverage this user-driven community for creative advertising. For example, Corona could host a “Pin Your Beach” contest based on its “Find Your Beach” campaign, in which users pin images of their perfect getaway and win prizes. Her re-pinning the image, and the next user re-pinning it from her, will ensure a degree of separation that still brings a brand’s image to a user’s board, but without the directness of something that could be considered an advertisement.

The opportunities Pinterest offers brands is enormous, and by getting savvy to the platform and inspiring action in re-pinning, a brand can target a user’s impulsive instincts and ensure its place on her ideal-self-collage.

But hashtags weren’t the only form of social media making waves in the coveted Super Bowl ads. Cars.com and Pepsi (among others) used Shazam’s audio-recognition software to promote secret offers, full-length videos and charitable donations. GoDaddy.com’s ad with Danica Patrick used a QR code to send viewers to “too hot for TV” extended content featuring The Pussycat Dolls (for the record, my hubby and a friend watched it and were unimpressed). And in perhaps their most popular spot of the evening, Bud Light’s ad featuring a dog named “Weego” that fetches beer used Facebook to generate awareness for rescue dogs by promising to donate $1 (up to $250,000) to Tony La Russa’s Animal Rescue Foundation for every “like” Weego receives. Best Buy didn’t actually use any of the noted social media, but instead highlighted several mobile innovators, ranging from the sender of the very first text message to the creator of Instagram.

According to Bluefin Labs, the game generated more than 12 million (and counting) social media comments across sites like Facebook and Twitter, with nearly a million relating to the commercials alone, making Super Bowl XLVI the biggest social media TV event ever, by a wide margin. A perfect example of our Seamless Tech trend, marketers used social media to let users live in the moment and interact with the ads in new ways, without interrupting the moment—that is, the next big play of the game.

Which Super Bowl ad was your favorite?

Fashion houses have been especially quick to jump on board the Instagram bandwagon, such as the Art of the Trench project from Burberry. The brand encouraged fans to don their trench coats and submit photos via Instagram, which were featured at artofthetrench.com alongside professional “trench coat portraits” by The Sartorialist’s Scott Schuman. Those promiscuous folks at Sartorialist also teamed up with Tiffany & Co. to encourage fashionable couples in New York and Paris to document their True Love In Pictures via Instagram, as shown in the image to the right. But to really pull the whole thing together, the pair offered a special Instagram photo filter that users could apply to their lovely images.

Instagram’s aforementioned Seamlessness also makes it an ideal platform for promotions and sweepstakes, as entering can involve little more than a photo and a quick tag. Levi’s is using the service to find new faces for their 2012 brand campaign by asking folks to tag images of themselves with #iamlevis. The early results seem to be attracting quite the spectrum of participants, ranging from American Apparel-y hipsters to shirtless muscle-bound jocks. Oh, and this guy. We hope he wins.

GE is similarly tapping Instagrammers to find a “social media photographer,” a position that would require the winner to take behind-the-scenes photos at GE’s jet engine facility for sharing on sites like Instagram and Tumblr. Entrants are tasked with bringing one of GE’s four foci to life (Moving, Curing, Powering and Building) and tagging their images with #GEInspiredMe. (You can see some of the selections below). Regardless of who wins the contest, we find it particularly interesting that a brand as complicated and amorphous as GE could use this promotion to clearly and simply communicate their core areas of expertise. Moreover, like the Levi’s campaign mentioned earlier, the brand is leveraging the Collective Curation of their fans to compile a large collection of compelling images of their products and processes. These assets can subsequently be used in all kinds of smart ways in the future, even if the respective marketers don’t know exactly what that’ll be just yet. But along the way, these Instagramming brands have already developed (pun intended) a deeper engagement with their most expressive consumers.

The photo-sharing app Instagram is perhaps the most intriguing example of a platform built for Collective Curation. (Actually, it’s also a damn fine tool for establishing your brand as a Guru, but we’ll get to that later.) The app is popular among users because of its simple photo filters and incredibly easy sharing functions, but also because it implements a Twitter-like tagging system that lets the images do the talking in these conversations. For instance, The Washington Post has asked readers to document the local impacts of the recession via Instagram by tagging their photos with the #econdebate tag (a couple are shown above). The collected images spark a multifaceted and compelling debate far more effectively than a vitriolic comment section ever would. (We’ve used a similar strategy on Upshot’s own homepage to showcase what’s inspiring us – look for the filmstrip at the bottom of the window.)

But the app isn’t just simple for users. An ideal example of Seamless Tech, Instagram’s flexible platform makes it easy for marketers to compile (and curate) photo galleries into their websites, Facebook pages, or other digital properties. For instance, the band The Vaccines managed to crowdsource a music video by asking attendees at their shows to tag their Instagram pictures with #vaccinesvideo. The band selected their favorite shots and incorporated them into the video shown below. And if an indie rock outfit can pull this off, just imagine what big-time brands like GE, Starbucks, and Levi’s could do. We’ll show you in part two of this post, coming tomorrow.

In January, 2011, Starbucks launched its Mobile Card payment program available on most smartphones. SMART. No doubt you’re already on your phone at 8:30 in the morning while ordering a Grande Skinny Vanilla Latte, so it’s easy to flash your “Touch to Pay” barcode and be on your way. The app replaces your reloadable Starbucks card (while keeping your rewards intact), and you can preload it from your bank account within the same screen.

With the release of Google Wallet, users can now pay with a simple tap at Mastercard paypass terminals. For now, this is advancement only for those with Google phones…and a Citi Mastercard. But, with this technological groundbreaking device, users are also able to receive offers and store loyalty points via the app.  We’re attached to our phones, so what better way to reach us directly when we’re making a transaction.

Click here to view the embedded video.

Shopkick offers rewards for simply stepping inside a store and scoping out merchandise. It displays deals and discounts close in proximity to your location. The more you peruse, the more points are earned for redemptions ranging from clothes to electronics.

While cashless-ness becomes the norm, we can only assume that consumers will rely less on the benjamins, but let’s not forget about Future Fear. A lot of emphasis is placed on convenience and practicality when we look at technological enhancements. It’s our job to find the perfect balance between convenience and trust.

What we can gather from our own shopping habits is that we rely heavily on the convenience factor, no doubt about it. We’ve become increasingly comfortable with everything being accessible through our phones. We can purchase a Groupon, find our way to Alaska and back, and even count the steps we take around the office with our smartphones.

“What? I can’t just show you the e-mail, I have to print it out?!”

As marketers, we should reach our consumers as soon as they walk into the store, making it harder not to refuse a great deal on the very same phone used to swipe and pay. It has been reported that 20% of smartphone users have compared prices while shopping in brick-and-mortar stores. Additionally, 15% of smartphone users have redeemed a mobile coupon (ladies more so than gentlemen). Let’s take advantage of these time-saving, less paper-wasting social platforms that deliver instantaneous results without hassle. Smartphones aren’t going anywhere, so creating more convenient methods of in-store redemption and offers will put us ahead of the game—and the checkout line.

What will it take for YOU to go CASH-LESS?

Then put your vote where your mouth is. Below, you’ll find links to our two proposed panels for 2012. Please take less than a minute to register at http://panelpicker.sxsw.com (or just log in if you voted last year) and give a “thumbs up” to the following two panels. (And then, tweet / post / email / scream at / message everyone you know to do the same!) The deadline is Friday, September 2^nd, so act fast!

“The Power of Feedback Loops in Mobile Marketing”
Feedback Loops are powerful tools to shape, change and evolve behavior, and their natural integration into smartphones brings enormous promise to incorporating feedback loops in nearly every aspect of daily life.

“What Do B2B Customers Want from Social Media?”
Most B2B brands have acknowledged the potential of social media for their business objectives, but what is the real roadmap for marketing success via B2B social media?

Thanks, now go vote!