LOUISVILLE, KY - The New Year will provide a competitive edge to small and medium size businesses, according to Jim Anderson, CEO of Electronic Commerce International, a provider of credit card processing for small businesses.

"We've already seen from this holiday season that well over 20% of sales are going to be from a mobile source, and that is expected to rise," Anderson told Mobile Payments Today. "For our small business merchants, getting a mobile payment system in your store front is going to be crucial to be able to continue to compete."

The competitive edge will be acute for those in the restaurant business, maintain analysts at Forbes, who reported that "currently less than one in 10 table service restaurants offers electronic table-side payment or mobile payment, and those are some of the things that the industry's key demographic ?" 18- to 34-year-olds ?" want."