Mobile as the solution takes me back twenty six years to the moment when the European telecommunications industry began the formation of the GSM specification which is the backbone of the Mobile evolution we have all been dreaming of since the Nokia 9000 appeared. Then five years later, mobile phone in hand, three payment associations (Europay, MasterCard and Visa) met in a Chicago hotel to start the work to define a global security standard capable of eventually enable mobile payments.

The real question is why here in the United States we continue to struggle to embrace EMV, migrate to NFC, embrace realtime ACH and eliminate the paper check? This should be the discussion. We should ask the question why?

Many know the answer. Magnetic stripe fraud is still amazing low. Merchants and issuers have not seen the revenue lift necessary to embrace NFC. Financial institutions fear the canabilization of revenue by introducing real-time account to account transfers.

Like in every other developed economy and most developing economy the USA has finally accepted the fact that criminals can cheaply counterfeit American Payment cards and that Global Interoperability is essential. Like GSM, 3G and now LTE; EMV is a global standard that can and is evolving as technology and innovation march forward.

Instead of arguing again EMV we collectively need to embrace EMV as the security standard capable of assuring the security of card payments and the secure and effective evolution to mobile payments.

Instead of arguing that we should migrate everything into the cloud we should remember George Orwell's evil BiG Brother and worry about a cloud full of Big Data. We should worry about the hungary entrepreneurs and hackers seeking to harvest personal and private information about you and me.

Stable standards like EMV assure evolution and innovation.