Mr. Silverman is absolutely correct about the failure of so-called mobile wallets be accepted by consumers. But, he equally wrong to blame merchants. The blame lies in a product without a sufficiently compelling business case to generate consumer interest, far less to generate acceptance. Mobile-enabling the function of paying by card at POS is a solution for a ‘non-problem’ -- for consumers and for merchants. If mobile payment providers want their products to be considered as anything but a cute novelty, they need to offer something other than what is easily available now. For instance, leveraging the intelligence in the chips in most smartphones to offer payment-related services currently unavailable with mag-stripe cards. Until then, they need to stop whining and blaming others for their lack of success.