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ARTICLE · 20 DECEMBER 2012

Mobile Payments: Navigating A New World - Part 3 Of 4

Osler, Hoskin & Harcourt LLP
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In part 2 of our 4 part series on mobile payments we discussed the various stakeholders participating in a mobile payments solution and the complex and interdependent relationship among them.

CanadaMedia, Telecoms, IT, Entertainment
Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
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In part 2 of our 4 part series on mobile payments we discussed the various stakeholders participating in a mobile payments solution and the complex and interdependent relationship among them.

The following are key areas to focus on in the initial planning phase prior to entering into any contractual arrangements:

  • Carefully scope out and define the role(s) to be played by each stakeholder in the mobile payments solution.
  • Define and compare the different goals and risk tolerances of each of the stakeholders.
  • Identify any "weak links" in the overall solution, whether as a result of the risk tolerance of a particular stakeholder, a likely technical challenge or a "gap" in the chain of responsibilities among the stakeholders.

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